India’s retail inflation touched 7% mark once again as food prices firmed up
Download Report
Sep 12, 2022
Aug-22 CPI - Sticking at seven
India’s retail inflation touched 7% mark once again as food prices firmed up on account of adverse seasonality, uneven spatial distribution of rainfall, and global supply constraints. While recent softening of international commodity prices offers comfort, stickiness in core inflation and pipeline inflation pressures could continue to play an offsetting role. We retain our FY23 CPI inflation forecast of 6.5%.