Motilal Oswal - MOSL: ECOSCOPE-Augâ€™19 CPI inflation lower than expectation, IIP surprises positively in Julâ€™19

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Motilal Oswal

Nikhil Gupta

EUR 125.00 For Business Accounts Only

MOSL: ECOSCOPE-Augâ€™19 CPI inflation lower than expectation, IIP surprises positively in Julâ€™19

ECOSCOPE: Aug’19 CPI inflation lower than expectation, IIP surprises positively in Jul’19; RBI likely to cut policy rate by 40bp next month

CPI-based retail inflation inched up marginally to 3.2% in Aug'19 from 3.1% a month ago. The number was lower than our expectation and market consensus of 3.3%.
The primary driver of higher headline inflation was food. In Aug'19, food inflation rose to a 15-month high of 3.0% and was in line with our expectations. The higher food inflation was driven by 'pulses and products', 'milk and products', 'spices' and 'vegetables'. Although food inflation was in line with our expectations, lower 'housing' and 'fuel and light' inflation print (compared to our expectations) led to lower headline inflation.
Among the non-food category, only 'pan, tobacco and intoxicants' and 'miscellaneous' posted a slightly higher inflation in Aug'19. Other categories such as 'fuel and light', 'housing', and 'clothing and footwear' exhibited lower inflation during the month.

13/09/2019 6 EN

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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Analysts

Nikhil Gupta

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MOSL: ECOSCOPE-Augâ€™19 CPI inflation lower than expectation, IIP surprises positively in Julâ€™19

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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