IIP, CPI data ahead of 2018 Budget today, inflation may cross 5% mark
The Central Statistics Office will release the index of industrial production (IIP) data for November and Consumer Price Inflation (CPI) data for December on Friday that could confirm the prospects of sustained economic recovery and rising risks of inflation. These will also be the final set of data that finance minister Arun Jaitley will have as he sits down to finalize his Budget for 2018-19 to be presented on 1 February. According to Bloomberg analysts? estimate, IIP will accelerate to 4% in November from 2.2% a month ago, while CPI will cross the 5% mark at 5.04% in December from 4.88% a month ago.
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