Factory Output Growth Surges To 9-Month High, Inflation Eases

Factory Output Growth Surges To 9-Month High, Inflation Eases

The earlier projected Inflation rate for August stood 3.36 per cent. IIP or Index of Industrial Production grew to a nine-month high of 4.3 per cent in August.

The National Bank of Romania (BNR) revised at the beginning of August the inflation forecast for the end of this year to 1.9 pct, given that it had previously estimated a 1.6 pct inflation rate, down 0.1 percentage points.

According to preliminary data released by the Central Statistics Office on Thursday, the consumer price index (CPI) increased 3.28 per cent year on year against the August numbers of 3.36 per cent.

Analysts polled by Reuters had expected retail inflation to edge up to 3.60% last month from 3.36% in August.

There is no room or scope for further easing rates for at least 3-4 months. All this will basically impart upside risk to the baseline inflation trajectory.

HC verdict likely today on Aarushi case appeal
Fourteen-year-old Aarushi was found dead inside her room at the Talwars' Noida residence with her throat slit on May 15, 2008. Though Rajesh Talwar's initial bail plea was refused by a Ghaziabad magistrate, he was granted bail on July 12.

"There will be improvement in aggregate demand for commodities during festive season", Hitesh Jain, associate vice president- research, IIFL Wealth Management.

The pullback in food prices overwhelmed the uptick in non-food components, including the higher housing segment.

Computed for steady taxes, the inflation rate will reach 2.9 pct in December 2017, a value above the median inflation target of 2.5 pct.

The output of mining and electricity sectors during the month accelerated to 9.4 percent and 8.3 percent from (-) 4.3 percent and 2.1 percent respectively in August a year ago. But, we also need to keep an eye on food prices.

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