BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICRA Research Report
The combined Consumer price index inflation hardened to a six-month high 6.3% on a year-on-year basis in May 2021 (up 6.3% in May 2020) from 4.2% in April 2021 (our expectation: 5.3%; up 7.3% in April 2020); this sharp jump of 207 basis points was twice as high as what we had expected.
The CPI displayed a month-on-month uptick of 1.6% in May 2021, amid the widening state level restrictions.
This is nearly as high as the 1.9% month-on-month hardening that was seen in April 2020 during the nationwide lockdown, testing the assumption that supply disruptions have been limited in the second wave.
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