Thursday, April 09, 2009

Inflation@ 0.26% and IIP @ -1.2% :data released on 09-04-09

Inflation for the week-ended March 28 has come in at 0.26% as against 0.31% a week earlier. A CNBC-TV18 poll conducted earlier saw inflation coming in at 0.35%. The FY09 provisional average inflation is seen at 8.37% versus 4.67% year-on-year.
Meanwhile, inflation for week-ended January 31 has been revised to 3.98% versus the provisonal figure of 4.39%.

The Index of Industrial Production for February has come in at a negative 1.2% as against 9.5% year-on-year and negative 0.5% month-on-month. The number was not as bad as the street had expected and this was probably due to the capital goods growth number coming in at 10.4%. A CNBC-TV18 poll conducted earlier saw February IIP at a negative 1.86%.

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