Perspective on CPI Data By Mr. D. R. E Reddy, CRCL LLP
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Below is perspective on CPI Data By Mr. D. R. E Reddy, CEO and Managing Director at CRCL LLP
“The CPI data for August eased to a four-month low of 5.30%. This positive result within the 6% limit is the outcome of the various measures taken by the Central Bank and unlocking measures by the State Governments. This number is further expected to decrease given the abundant monsoon experienced. The recorded fall in food inflation is expected to continue for the next few months.
The household income has also seen an increment, which points towards a rise in disposable income in the hands of the common man. Prospectively, the relaxation of covid restrictions has helped eradicate the supply-side barriers. Overall, these numbers are indicators of the economy recovering strongly from the pandemic-induced disaster.”
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