India retail inflation
India’s retail inflation for Apr-18 stood 30 bps higher at 4.58%, as compared to 4.28% in Mar-18 as inflationary pressures emanated from the food and services components. Additionally, core inflation stood significantly higher at 5.92%, upward from 5.37% in Mar-18.
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Inflation based
Inflation based on the Wholesale Price Index came in at a four month high of 3.18% as compared to 2.47% in the previous month, primarily led by a sharp rise in the prices of food and fuel components.
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The country barometer
The country’s barometer of economic productivity, IIP moderated to 4.36% in Mar-18 after posting robust activity of 7.00% in the previous reading mainly due to a large unfavorable statistical base. In fact, sequential momentum saw a significant uptick across Mining (19.3% mom), Manufacturing (6.7% mom) and Electricity (15.1% mom).
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