MOSL: ECOSCOPE-CPI inflation hits 4% mark in Sep’19-Subdued GDP growth could mean at best another rate cut in Dec'19
ECOSCOPE: CPI inflation hits 4% mark in Sep’19; Subdued GDP growth could mean at best another rate cut in Dec'19
- Retail inflation came in at 4.0% in Sep'19, higher than our forecast and consensus of 3.8%. With this, CPI inflation stands at 3.5% for 2QFY20 versus 3.9% in the year-ago period and 3.1% in the previous quarter. Also, CPI inflation for Aug'19 has been revised to 3.3% from 3.2%.
- Food inflation stood at 5.1% in Sep'19 compared to 3.0% a month ago and our forecast of 4.2%. Almost all items within food, except 'sugar and confectionary' and 'prepared meals, snacks, sweets etc.,' exhibited higher inflation in the month, the highest being in vegetables.
- As against our expectation of 4.4%, core inflation (all items excluding 'food & beverages', 'pan, tobacco & intoxicants' and 'fuel & light') decelerated to a three-month low of 4.2% in Sep'19.
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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