Deep Dive Into CPI November Data: ICICI Securities
A vendor and a customer count Indian rupee banknotes at a flower stall at the Krishna Rajendra Market, also known as K.R. Market, in Bengaluru, India. (Photographer: Karen Dias/Bloomberg)

Deep Dive Into CPI November Data: ICICI Securities

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 Securities Report

Consumer Price Index inflation has remained above the upper limit of Monetary Policy Committee’s target range of 6% since December 2019, with the sole exception of March 2020.

The latest inflation print for November 2020 came in at 6.93%, surprising us and the street on the lower side.

Despite the lower-than-expected number, CPI inflation in the first nine months of FY21 now stands at 6.9%.

Persistently high inflation has led to concerns that it could cause generalisation of price pressures.

Recently, the Reserve Bank of India also warned that generalised inflationary pressures pose a serious threat to evolving macroeconomic outlook.

Click on the attachment to read the full report:

ICICI Securities Economy CPI Deep Dive Dec20.pdf

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