Finance & Economy | News & Insights

CPI Inflation Eases But Stays Above RBI’s Upper Tolerance

Published: September 14, 2023
Author: TEXTILE VALUE CHAIN

Key Highlights:

  • CPI inflation eased to 6.8% y-o-y in August but remained above RBI’s upper tolerance for second month.
  • The moderation was account of easing food inflation (9.2% y-o-y in August) due to active government intervention.
  • Core CPI eased 20 bps to 4.9% y-o-y in August.
  • Uncertainties on the weather front and volatile crude oil prices pose upside risk to the outlook.
  • We expect RBI to maintain an extended pause in policy rates in 2023.

CPI_Inflation-_August_2023

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