India Consumer Price Index (YoY) For August 6.83% Vs. 7% Est.; 7.44% Prior
Portfolio Pulse from Benzinga Newsdesk
India's Consumer Price Index (CPI) for August was reported at 6.83%, lower than the estimated 7% and the prior figure of 7.44%.
September 12, 2023 | 12:19 pm
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POSITIVE IMPACT
The lower than expected CPI in India may have a positive impact on INDA, an ETF that tracks the Indian market, as it indicates a potentially healthier economy.
A lower than expected CPI indicates less inflation than anticipated, which can be a sign of a healthier economy. This could lead to increased investor confidence in the Indian market, potentially boosting the performance of the INDA ETF, which tracks this market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100