ANZ analysts suggest that India’s inflation data mirror the consumption trends in recent months as core inflation has continued to slip, in line with weak demand, but the difference between rural and urban consumer price index (CPI) has been amplified in 2019 led by higher food prices while core inflation has been moderating for both. Key Quotes “The difference in inflation rates is visible across Indian states as well, with the degree of inter-state variation also increasing in recent years.” “The trends in CPI and wholesale price index (WPI) are also diverging. It is clear that manufactured products are driving the slide in WPI, indicative of the weak pricing power of industrial companies. This sits with the sharp decline in the RBI’s forward-looking surveys for capacity utilisation rates.” “Amid the differing trends, what stands out is a secular slowdown in non-food inflation across these indices. We thus reiterate the need for more demand augmenting measures to revive waning consumption growth. This will support convergence of inflation rates across regions and states, making monetary policy more effective; and between CPI and WPI as firms regain pricing power.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold edges up to $1490 area, lacks follow-through FX Street 3 years ANZ analysts suggest that India's inflation data mirror the consumption trends in recent months as core inflation has continued to slip, in line with weak demand, but the difference between rural and urban consumer price index (CPI) has been amplified in 2019 led by higher food prices while core inflation has been moderating for both. Key Quotes "The difference in inflation rates is visible across Indian states as well, with the degree of inter-state variation also increasing in recent years." "The trends in CPI and wholesale price index (WPI) are also diverging. It is clear that manufactured products are driving… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
