Reaction quote on CPI data By Raghvendra Nath, Ladderup Wealth Management Pvt. Ltd.
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Below The Reaction quote on CPI data By Raghvendra Nath, Ladderup Wealth Management Pvt. Ltd.
“On expected lines, the inflation breached the RBI’s upper limit of 6%, though the inflation rose higher than expected jumping to 7.44%. Erratic monsoons over the past months attributed to a steeper-than-expected surge in the prices of vegetables. As seen by the Food and beverage inflation which rose to 10.57% during the month from 4.6% in the previous month. The vegetable prices are expected to stay elevated for quite some time, though fresh market arrivals may help cool down the prices to some extent.”
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