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2024-11-13 11:33:16 am | Source: Knight Frank India
Quote on IIP and CPI Numbers by Mr. Vivek Rathi, National Director Research, Knight Frank India

Below the quote on IIP and CPI Numbers by Mr. Vivek Rathi, National Director Research, Knight Frank India

 

“Price pressures remained persistent in Oct’ 24 scaling up to a 14 month high with headline inflation ticking upwards with food inflation at 10.87% being the primary cause. Additionally, ongoing geopolitical volatility, coupled with a depreciating rupee, is likely to exacerbate inflation, particularly import inflation, further constricting consumer disposable incomes.

 The combination of domestic and import-led inflation is expected to sustain elevated price pressures in the near term. Consequently, it is improbable that the Reserve Bank of India (RBI) will hastily reduce its key policy rate. However, the ramifications of sustained price pressures on consumer disposable incomes, which will eventually impinge on growth, must be considered as some key consumption indicators are exhibiting signs of decline.”

 

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