HomeEconomyIndia's retail inflation likely to fall to central bank's 4% target in... Economy India's retail inflation likely to fall to central bank's 4% target in May – economist By inew May 15, 2023 0 39 views Share FacebookTwitterPinterestWhatsApp BARC +1.% Add/Remove from Watchlist Add to watch list ADD JOB Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 1: 11 1: 25 1 : 52 1: 25 Committee: 2023 Create New Watchlist Create 20211000 1000 Create a new holding portfolio Add Create 10001000 + add another position to close MUMBAI (Reuters) – India’s headline retail inflation likely fell further towards 4% in May – the midpoint of the central bank’s target and last level in January 52, According to some economists, they expect lower food prices to help the decline. Consumer Price Inflation (CPI) in India moderates to – April’s The monthly low of 4.7 percent was below 5. percent, largely due to a slowdown in food prices, which account for nearly half of the overall consumer price basket. While the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is mandated to keep inflation within the 2%-6% range, Inflation is expected to try to anchor around the 4% midpoint of that range. ” Our analysis tracks May CPI inflation at around 4%, which suggests that the second quarter (April-June) average Value could be as much as below the RBI’s forecast of 5.1% by as much as ,” Nomura economists Sonal Varma and Aurodeep Nandi said in a note. wrote in the report. Inflation data for May will be released in June . The country’s retail inflation was closest to the 4% mark in January 66 In; 4.%. 282 Chart: Retail Inflation Cooling Retail Inflation Cooling https://inew.news/wp-content/uploads/2023/05/localimages/chart.png6461e07a15e82.png 400 Despite the threat of a heat wave, Nomura said it expects lower farm input costs and aggressive government supply-side intervention to keep food prices in check. In addition to softer food, IDFC FIRST Bank said “significant” base effects will also boost May inflation data and will Inflation for the month was pegged at 4.2%. The bank also lowered its forecast to 60- from 5.5% before 5%. 250250 Barclays ( London:250BARC) Inflation in India is expected to drop to 4.3% in May and remain between 4% and 5% for “foreseeable future” , despite the base effect weakening from June this year. Slowing inflation is expected to continue in the near term, suggesting the RBI’s rate hike cycle is over and likely to continue, Barclays said in a report Says the hold time is longer. RBI’s MPC has increased the repo rate 12 Basis points since May last year to calm inflationary pressures. Most economists expect the MPC to keep rates on hold for a second time when it meets next month. A slowdown in inflation last month convinced the RBI that its monetary policy was on the right track with central bank governor Shaktikanta Das ( Shaktikanta Das said on Friday it was the right path. 282 Share FacebookTwitterPinterestWhatsApp Previous articleThe 'successor' president of that climactic election night result: 'There's more to do'Next articleMelbet Registration & Login inewhttps://inew.news RELATED ARTICLES Economy OpenAI CEO sees Israel playing 'tremendous' role in de-risking tech June 5, 2023 Economy Amtrak wants $7.3 billion in U.S. funding for infrastructure projects June 5, 2023 Economy SEC sues Binance founder Zhao for violating securities laws June 5, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! Name:* Please enter your name here Email:* You have entered an incorrect email address! Please enter your email address here Website: Save my name, email, and website in this browser for the next time I comment. USA Trends Messi-mad Indian mom driving to Qatar to see hero in his final World Cup December 7, 2022 Drew Brees fakes lightning strike in promotional stunt for online sportsbook December 3, 2022 Who could be speaker, if not Kevin McCarthy December 3, 2022 3 bold Utah football predictions for Pac-12 Championship vs. USC December 3, 2022 Load more LAST NEWS Kyrie Irving reportedly wants Mavericks to trade LeBron James | First things first June 5, 2023 US SEC Sues Binance, Fails To Mention Ripple (XRP) As Security June 5, 2023 Crypto Clash: Bitcoin Bulls And Bears Wrestle For Control At Key Support Level June 5, 2023 CyberAgent Group Adds Stage Production Company Nelke Planning June 5, 2023 Load more Featured NEWS “One Piece” ranked No. 6 in the history of “Ponyo Princess” Japanese animation October 2, 2022 5 inspiring podcast episodes to make you successful on YouTube August 25, 2022 How Intermountain Healthcare scored top marks for virtual care August 21, 2022 Guidez-vous avec L’énergie Avec Salle de jeu En machance casino bonus Tendu En Spin Castel Un peu Lors En période d’été! March 6, 2023 Load more
