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Perspective on August 2021 CPI Data By Mr. Nish Bhatt, Millwood Kane International
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Below is perspective on August 2021 CPI Data By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“ The retail inflation data for the month of August has fallen to a 4-month low, it is better than most estimates. The softness in the retail inflation has been primarily helped by the fall in food and vegetable inflation. Supply-side issues were addressed by the progressive unlocking and a good monsoon year. The fall in food inflation is expected to continue for the next few months. The rise in crude oil prices and its impact on the fuel index remains a risk to inflation.
The robust economic growth coupled with a consistent fall in retail inflation bodes well for the central bank,
it will certainly have a bearing on their monetary policy next month.”
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