India Economics

India Economics

India Data Response

12 October, 2017

Consumer Prices (Sep.) & Industrial Production (Aug.)

While headline consumer price inflation was unchanged last month, core inflation rose again. Policymakers will put less weight on the erratic industrial production data that were also released today but, for what they are worth, they signal that output has strengthened recently too. All this adds up to diminishing chances of any further monetary loosening.

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