August CPI - Favourable Base, Lower Food Prices Drive Inflation Lower: ICICI Direct
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.
ICICI Direct Report
Consumer price index Inflation for August declined further to 5.3% compared to 5.6% in July 2021.
Inflation print has now declined 100 basis points in two months from 6.3% in June 2021 to the latest print of 5.3%.
The decline in headline inflation in the last two months is largely driven by a fall in food inflation.
Consumer food price index has come down sharply in the last two months from 5.1% in June 2021 to 4.0% in July and to 3.1% now in August 2021.
The favourable base effect of vegetables within food is the major reason for the low food inflation.
Click on the attachment to read the full report:
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 author entity 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.