India Macro Indicators
India Macro Indicators
TREND | 17 Aug 2016
Phillip Capital
Sharp rise in food and fuel inflation; stability anticipated: Annual rise in primary article prices was highest in 31 months; inflation sharply higher for last four months led by food and non food. Food inflation up (+2.4% mom), nonfood inflation (+2.3%), and minerals (+5.0%mom).Higherpriceswereseeninvegetables(+9%mom),fibre(+9%),pulses(+8%, onaveryhighbase),cereal(rice&wheatonthehigherside;),fruits(+6%),andminerals. Mutedriseinmanufacturinginflation:Thiswasup30bpsmomledbydropincommodity prices.8/12(vs.7/12lastmonth)industriesrecordedhigherprices.Higherpriceswereseen in food products, textiles, paper & paper products, leather & leather products, rubber &...
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