Perspective on February CPI Data By Mr.Nish Bhatt, Millwood Kane International
Below is Perspective on February CPI data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
The CPI inflation data for the month of February is above most estimates as well as the RBI-mandated range of 2-6%. The CPI print is in line with the cues provided by the central banks that the rates may be elevated for longer than expected as inflation remains higher. The CPI has remained above the 6% mark for two straight months and showing signs of stickiness.
Inflation and interest rates are expected to stay elevated globally. A slowdown in the growth rate will impact the central banks' ability to hike rates and keep inflation in check. Growth concerns and geopolitical tensions are two key factors that will define
the inflation and interest rate trajectory.”
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