Reaction Quote on today`s CPI data Raghvendra Nath, MD, Ladderup Wealth Management
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Below the Quote on Reaction Quote on today`s CPI data By Raghvendra Nath, MD, Ladderup Wealth Management
"India’s CPI inflation in June 2024 stood at 5.08% on the back of higher food prices, as against 4.75% in the previous month. Material moderation in food inflation is expected only from September on the back of fresh kharif crop arrivals. We expect the markets to remain unaffected as the markets have mostly factored in the rise in the food inflation and we believe the budget announcements along with the Q1 results would be the major triggers."
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