Reaction Quote On CPI Data : Mr. Raghvendra Nath,Ladderup Wealth Management Pvt. Ltd
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Below Quote On CPI data By Mr. Raghvendra Nath, Managing Director – Ladderup Wealth Management Private Limited
“In June, India experienced a surge in retail inflation, with the CPI rising to 4.81%, breaking a four-month trend of decline following May's rate of 4.31%. The primary driver behind this inflationary spike can be attributed to an increase in food prices. Notably, the provisional figure of 4.88% exceeded the market expectation of 4.60% as per the Bloomberg Survey.
Although the inflation rate remains below the upper threshold of the Reserve Bank of India's (RBI) target of 6%, the upward trend raises cautionary flags regarding the potential impact of the monsoon season and El-Nino, as well as its implications for the timing and anticipation of interest rate cuts by the central bank.”
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