Motilal Oswal: India’s Headline CPI Above 6% For Fifth Straight Month

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Consumer Price Index (CPI) inflation came in flat at 6.7% YoY in August 2020, below our expectation and market consensus of 6.9%.Notably, the number for July 2020 has been revised down to 6.7% from 6.9% earlier.Retail inflation has remained above the Reserve Bank of India’s headline inflation target range of 2–6% since April 2020 (five months now).Notwithstanding the sequentially lower food inflation (excluding non-alcoholic beverages and prepared meals) at 9% in August 2020 (from 9.3% a month ago), it remains at a very high level.Within Food, ‘Cereals and Products’, ‘Pulses and Products’, ‘Meat and Fish’, ‘Milk and Products’, and ‘Spices’ exhibited lower inflation in August 2020; other sub-components such as ‘Fruits’, ‘Vegetables’, and ‘Oils and Fats’ still exhibited higher inflation during the month versus July 2020.Separately, inflation in items of ‘Pan, Tobacco, and Intoxicants’ and ‘Fuel and Light’ came in higher at 11.2% and 3.1%, respectively, in August 2020 versus 10.5% and 2.7% in the previous month..Click on the attachment to read the full report:.DISCLAIMERThis 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 brokerage 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.

Motilal Oswal: India’s Headline CPI Above 6% For Fifth Straight Month

Motilal Oswal: India’s Headline CPI Above 6% For Fifth Straight Month

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