Saturday, 22 September, 2018


Sweden Inflation Remains Stable In September

The Consumer Price Index or retail inflation stood at 4.39 per cent in September 2016. PTI file The Consumer Price Index or retail inflation stood at 4.39 per cent in September 2016. PTI file
Conrad Doyle | 12 October, 2017, 18:10

Industrial production (IIP) rose to 4.3 per cent in August, up from July's 1.2 percent growth.

The factory output growth, measured on the Index of Industrial Production (IIP), for April-August period accelerated to 2.2 percent from 5.9 percent in the same period last fiscal, as per the data released by the Central Statistics Office on Thursday.

Retail or consumer inflation rose at lower-than-expected 3.28 per cent in September, unchanged from August.

The Consumer Price Index (CPI) or retail inflation stood at 4.39 per cent in September 2016.

In my opinion, IIP growth will not sustain at this level, as base effect will keep shifting. It was forecast to accelerate to 2.5 percent. Inflation not easing further dampens hopes of India Inc for interest rate cuts. All this will basically impart upside risk to the baseline inflation trajectory.

In August, the annual inflation rate amounted to 1.2%.

"There will be improvement in aggregate demand for commodities during festive season", Hitesh Jain, associate vice president- research, IIFL Wealth Management. The rate continues to be below 4 per cent, the mid-term target set by the Reserve Bank of India (RBI).

The data revealed the overall food inflation moderated to 1.25 per cent in September from 1.67 per cent in the previous month. Economists believe that the inflation rate was driven by higher salaries of government employees as well as the impact of Goods and Services Tax (GST ). But, we also need to keep an eye on food prices.

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