Quote on CPI Data by Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings
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Below the Quote on CPI Data by Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings
In line with our expectations, India's retail inflation tempered from 5.5 % in November 2024 to 5.2 % in December 2024 because of a fall in vegetable prices, particularly tomatoes, onions, and potatoes on buoyant mandi arrivals. The evolving inflationary scenario was also influenced by positive global cues and stable edible oil prices.
Given the macroeconomic scenario of decelerating GDP growth and inflation coming under some control, it stands to reason that a 25 basis points rate cut to 6.25 % by the RBI is on in the February 5-7, 2025, MPC Statement.
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