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Reaction Quote on recent CPI data announcement by Raghvendra Nath, Managing Director, Ladderup Wealth Management Private Limited
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Below the Reaction Quote on recent CPI data announcement by Raghvendra Nath, Managing Director, Ladderup Wealth Management Private Limited
"Several regions across India witnessed extreme rainfall in the month of September, disrupting agricultural supply chains, causing yet another month of significant increase in food prices, a 9.24% YoY rise last month, up from 5.66% in August 2024. This surge pushed the Consumer Price Index (CPI) to a nine-month high of 5.49%. This sharp rise in inflation is also partly due to the unfavorable base effect, as noted in the RBI’s last policy meeting. With RBI adopting a data-driven approach to policy decisions, the timing and magnitude of the potential rate cut remains uncertain."
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