14/08/2023 7:08:52 PM | Source: PR Agency
Perspective on CPI Data By Mr. Mohit Ralhan , TIW Capital
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."
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