Discover and read the best of Twitter Threads about #CoreInflation
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In the big picture, today’s #CPI data displays continued slow progress toward a lower y-o-y rate of #inflation, having come down from a cycle peak of 8.9% in June 2022 to the 6.4% reading today, at the headline level, which is the lowest 12-month inflation gain since Oct 2021.
That is clearly encouraging, and in a lot better place than we had become used to in the Fall, which was at the center of the disappointment for the @federalreserve. However, like bridges during periods of traffic, progress can come with some slowing along the way.
For three straight months we saw essentially flat readings for #CoreInflation (ex-shelter), for an average level of 0.08%, yet this month we saw it move up to 0.2%.
#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
#July #RetailInflation has come@ 6.93% YoY
CPI for April&May,7.22% &6.27%
#Lockdown related supply disruptions led to spike
In hindsight,#RBI's decision not to lower #REPO in Aug meet,stands vindicated
June #CPI revised from 6.09%,to 6.23%&March revised up,from 5.84% to 5.91%
CPI for April&May,7.22% &6.27%
#Lockdown related supply disruptions led to spike
In hindsight,#RBI's decision not to lower #REPO in Aug meet,stands vindicated
June #CPI revised from 6.09%,to 6.23%&March revised up,from 5.84% to 5.91%
June&March revisions led by revisions in #FoodInflation
For example,revised food inflation in June is 8.72%,Vs earlier figure of 7.87%
#July food inflation@ 9.62% saw a sharp rise,driven by rising meat,fish&vegetable prices
#Rural inflation in July was 7.04%,Vs #Urban@6.84%
For example,revised food inflation in June is 8.72%,Vs earlier figure of 7.87%
#July food inflation@ 9.62% saw a sharp rise,driven by rising meat,fish&vegetable prices
#Rural inflation in July was 7.04%,Vs #Urban@6.84%
Good bit in July inflation number is #FuelInflation@ just 2.8%
#CoreInflation in July,excluding food&energy,is slated to be in 5.8-5.8% range
Core inflation in June was 5%&3.8% in March 2020--Spike in July,gives added reason not to lower #REPO which is at 20 year low,currently
#CoreInflation in July,excluding food&energy,is slated to be in 5.8-5.8% range
Core inflation in June was 5%&3.8% in March 2020--Spike in July,gives added reason not to lower #REPO which is at 20 year low,currently
