CPI Inflation - Fuel, Transport, Oil, Fats Remain Major Inflation Driver In June: ICICI Direct

A fuel pump nozzle in a vehicle gas tank. (Photographer: Luke Sharrett/Bloomberg)

CPI Inflation - Fuel, Transport, Oil, Fats Remain Major Inflation Driver In June: ICICI Direct

Bookmark

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 came in lower than market expectations at levels similar to last month’s 6.26% in June 2021 compared to 6.30% in May 2021.

Consumer food price index rose marginally on expected lines at 5.15% against 5.01% in May.

Core inflation surprised with lower growth at 6.14% versus 6.43% despite a rise in crude oil prices.

While there was a month-on-month rise in many items, a favourable base effect prevented the rise in inflation print.

Within food, oil and fats remain the major contributor as its sequential price rise continues.

Prepared meals, snacks, sweets items also saw higher inflation, which continued to rise sequentially.

Click on the attachment to read the full report:

ICICI Direct Inflation.pdf

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 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.