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Expert Views - India's consumer inflation picks up in February

Reuters  |  MUMBAI 

(Reuters) - India's annual consumer price accelerated by a stronger-than-expected 3.65 percent in February, mainly driven by food prices, after touching its lowest level in at least five years in January, data showed on Tuesday.

Economists polled by had expected last month's annual retail to come in at 3.58 percent, compared with 3.17 percent in January.

COMMENTARY

TUSHAR ARORA, SENIOR ECONOMIST, HDFC BANK, GURGAON

"For the next four months, at least until June-July, we don't expect number to go beyond 4 percent.

"In the first half, trajectory should remain comfortable in our view. It is only in the second half that we expect numbers to go up. Near-term trajectory is quite comfortable.

"We don't expect rate cuts anymore. We expect status quo in the foreseeable future."

INDRANIL PAN, GROUP ECONOMIST, IDFC BANK, MUMBAI

"We are now at the floor of CPI. The higher wholesale price will gradually get reflected in CPI. Hence we don't see any (RBI) rate movement for the foreseeable future."

(Reporting by Suvashree Dey Choudhury in MUMBAI, and Tanvi Mehta in BENGALURU; Compiled by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Expert Views - India's consumer inflation picks up in February

MUMBAI (Reuters) - India's annual consumer price inflation accelerated by a stronger-than-expected 3.65 percent in February, mainly driven by food prices, after touching its lowest level in at least five years in January, government data showed on Tuesday.

(Reuters) - India's annual consumer price accelerated by a stronger-than-expected 3.65 percent in February, mainly driven by food prices, after touching its lowest level in at least five years in January, data showed on Tuesday.

Economists polled by had expected last month's annual retail to come in at 3.58 percent, compared with 3.17 percent in January.

COMMENTARY

TUSHAR ARORA, SENIOR ECONOMIST, HDFC BANK, GURGAON

"For the next four months, at least until June-July, we don't expect number to go beyond 4 percent.

"In the first half, trajectory should remain comfortable in our view. It is only in the second half that we expect numbers to go up. Near-term trajectory is quite comfortable.

"We don't expect rate cuts anymore. We expect status quo in the foreseeable future."

INDRANIL PAN, GROUP ECONOMIST, IDFC BANK, MUMBAI

"We are now at the floor of CPI. The higher wholesale price will gradually get reflected in CPI. Hence we don't see any (RBI) rate movement for the foreseeable future."

(Reporting by Suvashree Dey Choudhury in MUMBAI, and Tanvi Mehta in BENGALURU; Compiled by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
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Expert Views - India's consumer inflation picks up in February

(Reuters) - India's annual consumer price accelerated by a stronger-than-expected 3.65 percent in February, mainly driven by food prices, after touching its lowest level in at least five years in January, data showed on Tuesday.

Economists polled by had expected last month's annual retail to come in at 3.58 percent, compared with 3.17 percent in January.

COMMENTARY

TUSHAR ARORA, SENIOR ECONOMIST, HDFC BANK, GURGAON

"For the next four months, at least until June-July, we don't expect number to go beyond 4 percent.

"In the first half, trajectory should remain comfortable in our view. It is only in the second half that we expect numbers to go up. Near-term trajectory is quite comfortable.

"We don't expect rate cuts anymore. We expect status quo in the foreseeable future."

INDRANIL PAN, GROUP ECONOMIST, IDFC BANK, MUMBAI

"We are now at the floor of CPI. The higher wholesale price will gradually get reflected in CPI. Hence we don't see any (RBI) rate movement for the foreseeable future."

(Reporting by Suvashree Dey Choudhury in MUMBAI, and Tanvi Mehta in BENGALURU; Compiled by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22