Perspective on the CPI Numbers for August 2021 by Ms. Rajani Sinha, Knight Frank India
Below is perspective on the CPI Numbers for August 2021 by Ms. Rajani Sinha, Chief Economist & National Director – Research, Knight Frank India.
“The moderation in CPI has been supported by the low base of last year. CPI remaining below 6% for last two months, will be comforting for RBI and will enable the Central Bank to keep interest rates low given the growth concerns. In fact, for the next few months, the CPI is likely to remain within RBI’s comfort zone supported by the high base of last year. Nevertheless, RBI will be cautious, as with growth picking up globally there is threat of demand side pressure on inflation gathering steam.”
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