BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Consumer Price Index inflation for September 2020 rose sharply to a high of 7.34% YoY compared to 6.7% in August 2020, driven by a sharp rise in food inflation even while core inflation fell slightly.
Inflation has averaged at 6.6% and 6.9% in the first two quarters of the current fiscal, higher than the Reserve Bank of India’s latest forecasts.
Food prices rose sharply to 9.7% in September compared to 8.3% in August led by a surge in vegetable prices (largely potatoes, tomatoes and onion) along with a rise in protein items like meat, fish and eggs.
Other items like oils and fats, fruits and non-alcoholic beverages also contributed to higher food inflation.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR