ADVERTISEMENT

Food Prices Drive CPI Inflation Lower In November: ICICI Direct

Food Prices Drive CPI Inflation Lower In November: ICICI Direct

Customers buy vegetable from market stalls in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)
Customers buy vegetable from market stalls in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

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 fell sharply lower to 6.93% in November 2020 compared to 7.61% in October.

The reading in November was lowest in the last three months indicating the headline print has peaked in October and is now trending down.

The decline in inflation was largely driven by food inflation. Food inflation was down to 8.76% in November against 10.09% in October.

Almost all components except oil and fats and non-alcoholic beverages saw a decline in growth in inflation.

Click on the attachment to read the full report:

ICICI Direct Inflation Dec20.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.