Quote on CPI Numbers by Mr. Vivek Rathi, National Director Research, Knight Frank India
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Below the Quote on CPI Numbers by Mr. Vivek Rathi, National Director Research, Knight Frank India
“Consumer headline inflation rose to a nine-month high of 5.5% in Sep 2024, driven by stickiness in food prices. Core inflation as well has been gradually increasing, reaching a eight-month high of 3.5%. This trend indicates mounting inflationary pressures, which could impact consumers’ disposable income. The rise in CPI aligns with increasing household inflation expectations.
Currently, India’s inflation pattern contrasts with the global trend, where price pressures have significantly eased, prompting central banks to cut policy rates. Given the current persistence of inflation, it is unlikely that the Reserve Bank of India (RBI) will reduce its key policy rate in a hurry.”
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