Reaction Quote on CPI data by Raghvendra Nath, MD, Ladderup Wealth Management
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Below the Quote on today’s CPI inflation data announcement by Raghvendra Nath, Managing Director, Ladderup Wealth Management Private Limited
“The Consumer Price Index (CPI) has experienced a decline attributed to the moderation in food inflation. In December 2023, a surge in prices occurred due to irregular monsoons; however, there has been a positive trend in subsequent months, marked by notable reductions in prices of vegetables, fruits, and pulses. Should this trajectory persist, the Reserve Bank of India (RBI) may find increased confidence in implementing rate cuts, particularly in alignment with similar actions by the Federal Reserve.”
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