India's CPI Inflation Remains Steady In April: CareEdge

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 Research Report.Consumer Price Index inflation came in 4.83% YoY in April in line with our expectations, has largely remained steady, moderating marginally from 4.85% last month. The core inflation persisted at a benign rate of 3.2%, largely maintaining the same level as the previous month. Core inflation has consistently stayed below the 4% threshold for five consecutive months. Reversing last month's trend, food inflation inched up to 7.9% as inflation in meat and fish category inched up and the ongoing deflation in the oil and fat category fell to single digits after 12 months. The high inflation in specific food categories, including vegetables and pulses, poses a risk of potentially broadening price pressures and deanchoring inflationary expectations. Having said that, the outlook for food inflation has brightened due to anticipations of a normal monsoon, which is expected to bolster agricultural production. However, the temporal and spatial distribution of monsoon would be critical factors to monitor. Government initiatives on the supply side, such as the Open Market Sale Scheme and export restrictions, will further aid in keeping food prices under check. A normal monsoon holds the key for the upcoming Kharif season as reservoir levels remain low compared to 10 year average in certain regions of the country. The arrival of the rabi harvest in the market is also expected to contribute to the cooling of food inflation..Click on the attachment to read the full report:.India’s Lowest Retail Inflation In 11 Months Won’t Deliver A Rate Cut.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.

India's CPI Inflation Remains Steady In April: CareEdge

Headline and core inflation remains largely unchanged

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