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Below the Reaction quote on CPI data announcement by Raghvendra Nath, Managing Director, Ladderup Wealth Management Private Limited

"India’s CPI for the month of December’24 has eased to 5.22% from 5.48% in November, the lowest in last four months. Food prices have started cooling from its peak of 10.87% in October’24 to 8.39% now, although the surge in vegetable prices, which was up 26% year-on-year in December, remains a concern. With Reserve Bank of India’s recent adjustment in its inflation forecast for the current fiscal year upward to 4.8% from 4.5%, alongside a downward revision to India's GDP growth forecast, the potential for rate cut may still be on the table, but will highly depend on how these macroeconomic indicators evolve in the near term."

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