India Economy Data - Retail Inflation Flat In June, Likely To Decelerate: Anand Rathi

A customer browses bags of wheat flour bag at a grocery store, known as a kirana, in Bengaluru, India. (Photographer: Dhiraj Singh/Bloomberg)

India Economy Data - Retail Inflation Flat In June, Likely To Decelerate: Anand Rathi

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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.

Anand Rathi Report

After an unexpected sharp rise in May 2021, retail inflation in India at 6.3% in June 2021 was the same as the previous month (fall by decimal points). Inflation was in line with our expectation but below that of the consensus.

Food inflation increased marginally in June-21 by 10 basis points to 5.1%. The high-inflation food items – edible oil, egg, pulses – recorded a further rise in inflation during the month.

High and rising core inflation has been a key concern for monetary policy. In June-21, core inflation softened marginally to 6.2%, from 6.4% the month prior.

On balance, services inflation softened, with decelerating inflation in personal care, recreation and health.

Click on the attachment to read the full report:

Anand Rathi Retail Inflation Update.pdf

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