Macro Analysis /
India

IN : Economic -CPI inflation at 14-month low; IIP contracts

    CGS-CIMB
    16 January 2021
    Published byCGS-CIMB

    CPI inflation fell more than we expected to 4.59% yoy in Dec from 6.93% in Nov 2020. However, core inflation remained elevated at 5.7%.IIP for Nov is back in negative territory after two months of positive prints.