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The CPI
The Consumer Price Index (Combined) inflation for May 2022 printed at 7.04% as compared to 7.79% in the previous month
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Headline WPI inflation
Headline WPI inflation for May 2022 printed at 15.88%, marginally higher than 15.08% in April 2022.
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IIP growth
IIP growth for April 2022 printed at 7.14%, marginally higher than the reading of 2.20% in March 2022, on a year-on-year basis.
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Real gross domestic product
Real gross domestic product for Q4FY22 noted a growth of 4.1% on a year-on-year basis, aided by a pickup in activity across segments. Also, GDP expanded by 5.2% on a quarter-on-quarter basis and by 6.7% from Q4FY20 levels.
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The MPC
The MPC unanimously decided to hike the policy Repo rate by 50 bps in the MPC meeting held on June 08, 2022. Consequently, key policy rates stand as follows: Standing Deposit Facility rate at 4.65%, Repo rate at 4.90% and Marginal Standing Facility and Bank rate at 5.15%.
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