MOSL: ECOSCOPE-No surprises from Apr’19 CPI; Lack of transmission may make RBI pause next month
ECOSCOPE: No surprises from Apr’19 CPI; Lack of transmission may make RBI pause next month
- The Consumer Price Index (CPI) grew 2.9% YoY in Apr'19, broadly unchanged from the five-month high of 2.86% inflation reported a month ago. This was also a tad higher than the market consensus (2.8%) but marginally lower than our forecast of 3%.
- Food prices increased 1.1% YoY last month, marking the highest inflation in nine months. Within food products, most items such as 'eggs', 'meat & fish', 'fruits & vegetables', etc. saw higher inflation, which was partly offset by 'oil & fats', and 'milk & milk products' - categories where prices grew slowly.
- Core inflation (all items excluding 'food & beverages', 'pan, tobacco & intoxicants' and 'fuel & light'), however, eased to 18-month low of 4.5% last month supported by lower inflation in 'core services' and 'housing'.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.