Macroeconomic data — Consumer Price Index (CPI) for January and Index of Industrial Production (IIP) for December 2018 — will be released on Tuesday.
Here are the key expectations:
Index of Industrial Production (IIP)
The street is expecting a slight pickup on a month-on-month (MoM) basis. Last month, industrial growth unexpectedly fell to a 17-month low of 0.5 percent. The analysts, hence, expect a recovery this time.Consumer Price Index (CPI)
- The CPI data is expected to be marginally higher from last month.
- Food inflation is likely to see an improvement.
- The key thing to watch out for will be core inflation, which is expected to still be elevated.
The CPI inflation had eased to 2.19 percent in December 2018 compared with 2.33 percent in November 2018.