 "WPI inflation soars to 14-mth high; rises to 4.43% in May from 3.18% in Apr")
Inflation and IIP data
The Central Statistics Office (CSO) will announce Industrial Production data for April and CPI inflation for May on Wednesday. According to economists, a continued surge in vegetable prices is likely to have pushed inflation higher in May. If inflation continues to evolve as per the RBI's projections, space for further easing could emerge, considering the MPC changed its stance to 'accommodative' from 'neutral'.
Council of ministers meet
The first meeting of the Union council of ministers after allocation of portfolios will be held on Wednesday and is likely to discuss the agenda of the government both
