Discover and read the best of Twitter Threads about #CoreInflation

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#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!
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
#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
Read 5 tweets
#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%
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%
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
Read 4 tweets

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