320-x-100_uti_gold.jpg" alt="Advertisement">
The January CPI inflation print at 6.52% is a cause of concern, it is a 3-month high Says Mr. Nish Bhatt, Millwood Kane International
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is Perspective on January CPI inflation data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“ The January CPI inflation print at 6.52% is a cause of concern, it is a 3-month high. The inflation has spiked after two months of moderation. What is also concerning is the core inflation above the 6% mark. Food inflation at 5.94% and elevated pulses prices are primarily responsible for the elevated inflation. The high crude prices are reflected in the fuel and lighting components. The vegetable prices cooled off as expected during the months of the winter season.
The sudden spike in the inflation numbers, when the central bank was showing signs of comfort with the inflation trend is likely to have a bearing on the rate action. If the inflation stays elevated for another month or two, it will have a negative impact in the form of another rate hike in April and further liquidity tightening.”
Above views are of the author and not of the website kindly read disclaimer
