 "cpi, wpi, inflation, retail, food, prices, vegetables, markets, shops")
The report, written by the state-owned lender's chief economist Soumya Kanti Ghosh, says India's central bank could succeed in inflation targeting by "reaching the 4 per cent target over a particular business cycle rather than for a particular date such as two year ahead".
"We expect August inflation numbers to be elevated at around 7% or even higher and if the base effect is the primary reason, inflation could only come down to below 4% possibly beyond December,” says the report attributed to SBI Research and titled 'August Inflation Numbers Could Be Unpleasant: Rate Cut Hopes Fade?'
"However, it looks difficult to
