The Central Statistics Office (CSO) will release estimates of industrial growth (IIP) for May and retail inflation (CPI) for June today.

CPI data is going to be much more crucial from the market standpoint.

For the month of June, the CPI data is expected to harden.

According to a poll by CNBC-TV18, it is expected to come in at around 5.3 percent.

Analysts, on an average, expect the inflation to come in at a multi-month high of over 5 percent, adding that minimum support price (MSP), fiscal risk, crude price, loan waivers by state governments will result in risks to inflation.

IIP data is possibly expected to be slower in terms of industrial production for the month of May as compared to the previous month’s data at around 4.9 percent.

A poll conducted by CNBC-TV18 showed that the IIP for May 2018 is expected to be in the range of 3.5% and 4.2%.

First Published:Jul 12, 2018 9:02 AM IST