Expect December CPI at 5.75, November IIP at 2%: Murthy Nagarajan, Quantum AMC

In a chat with ET Now, Murthy Nagarajan of Quantum AMC, shares his thoughts on the economy. Excerpt:



ET Now: Want to get a quick sense from you on the key macro data that's lined up to come out post markets - CPI as well as IIP. How do you see the trend there?

Murthy Nagarajan: We expect CPI to come to around 5.75 levels because vegetable price have not come down to the extent it usually does in this month. We are expecting CPI inflation to be on the higher side.

As far as IIP data is concerned, we should see something around 1 to 2% type of levels because the core industry data has been minus 1.3% and 37% weightages for that. We also need to consider the floods in Chennai. So everything put together, you should see the number coming around 1% to 2%.