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India CPI Inflation 5.55% y-o-y (consensus 5.7%) in Nov-23

- India's November 2023 CPI inflation was 5.55% y-o-y, slightly lower than the consensus forecast of 5.7%, but still the highest growth rate since August 2023.
- Despite this increase, the current inflation rate remains 0.11 percentage points below the one-year average, indicating moderate inflationary pressure in India.

China/US: Of Mountains And Molehills

• That Joe Biden and Xi Jinping will meet in person this week is to be welcomed. Furthermore, low expectations allow both sides to claim some ‘wins’. However, those expectations are rooted in the low probability of any substantive improvement in their relations.

By Alastair Newton

India CPI Inflation 4.87% y-o-y (consensus 4.8) in Oct-23

- India's CPI inflation in October 2023 was marginally higher than the consensus forecast at 4.87% y-o-y but still slowed to the lowest growth since May 2023.
- The current CPI inflation rate is 0.82 pp below the one-year average, indicating an encouraging easing of excessive inflationary trends.

India Wholesale Prices -0.26% y-o-y in Sep-23

- India's wholesale prices in September 2023 decreased by 0.26% year-on-year, marking the highest growth rate since March 2023.
- Wholesale food prices witnessed a significant increase of 3.35% year-on-year in September 2023, potentially impacting inflationary pressures.