India CPI at 5.10%, Benign Core at 3.59% and the usual Culprits - Vegetables, Spices and Pulses and Industrial Production at 3.80% yoy
India's headline CPI decelerated to 5.10% yoy from prior 5.69% and the Core CPI further decelerated to 3.59% yoy from prior month's figure of 3.89%. MoM Decline in headline prices was to the tune of 0.11%. The Headline number comes in line with Reuters Poll Estimates. The data does not do much to alter the inflation trajectory and the resultant rates trajectory. General Index Wt YoY Growth in % 1) Food and beverages 45.86 7.58 2) Pan, tobacco and intoxicants 2.38 3.28 3) Clothing and footwear 6.53 3.37 4) Housing 10.07 3.20 5) Fuel and light 6.84 -0.60 6) Miscellaneous 28.31 ...