December CPI Inflation Eases Further Aided By Moderation In Food Prices: CareEdge

In December, the CPI inflation moderated to 5.2% from 5.5% in November, primarily due to a slowdown in food inflation. The inflation rate for vegetables continued to ease, dropping to 26.6% in December from 29.4% in November..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..CareEdge Report.In December, the CPI inflation moderated to 5.2% from 5.5% in November, primarily due to a slowdown in food inflation. The inflation rate for vegetables continued to ease, dropping to 26.6% in December from 29.4% in November. The arrival of fresh harvests has led to a seasonal correction in food prices. Vegetable inflation has significantly contributed to overall CPI inflation in recent months, averaging ~ 36% since September. Just by excluding vegetables, CPI inflation stood at 3.9%, below the RBI’s target of 4%. In addition to the decline in vegetable inflation, ongoing deflation in spices (-7.4% YoY) and a fall in inflation of pulses (3.8% YoY) and sugar (0.31% YoY) have further contributed to the overall decrease in food inflation. However, the inflation for edible oils (14.6% YoY) has increased, remaining in double-digit territory for the past two months. Meanwhile, core inflation remains subdued, staying below the 4% mark over the past year. The fuel and light category continued to remain in deflation territory. However, within the miscellaneous category, inflation in personal care items remained high (9.7% YoY)..Click on the attachment to read the full report:.December CPI Data: India's Retail Inflation Modestly Eases To Four-Month Low Of 5.22%.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

December CPI Inflation Eases Further Aided By Moderation In Food Prices: CareEdge

Expected moderation in inflation in coming months, will allow the MPC to consider a policy rate cut amid slowing growth, adds CareEdge.

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December CPI Inflation Eases Further Aided By Moderation In Food Prices: CareEdge

Expected moderation in inflation in coming months, will allow the MPC to consider a policy rate cut amid slowing growth, adds CareEdge.

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