01-01-1970 12:00 AM | Source: PR Agency
Perspective on CPI Data By Mr. Mohit Ralhan , TIW Capital
News By Tags | #2089 #248 #607 #597 #6952 #8517

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel


Download Telegram App before Joining the Channel

Below Perspective on CPI Data By Mr. Mohit Ralhan, Chief Executive Officer, TIW Capital

"Inflation in July reached 7.4% YoY, the highest since April 2022. Food inflation led to a sharp jump. Vegetables, spices, pulses and milk registered double-digit inflation. However, on the positive side services inflation remained broadly unchanged. Fuel inflation and housing inflation came in at 3.7% YoY and 4.5% YoY respectively. Even though the headline number is higher, it is mainly because of temporary factors like a 37% jump in vegetable prices. The RBI will see through this print and will likely keep rates on hold at its next meeting."


Above views are of the author and not of the website kindly read disclaimer