Quote on October 2026 CPI data by Garima Kapoor, Elara Capital
Below the Quote on October 2026 CPI data by Garima Kapoor, Elara Capital
CPI inflation came in line with our expectations as food inflation firmed and its pass-through was evident across the board. Notwithstanding the cooling of crude oil prices amid expectations of peace in West Asia, inflation is expected to unlikely cool off immediately as pass- through of previous hikes continues. We expect RBI to hike rates by another 50 bps over next 6 to 9 months.
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