You are here: Home » Economy & Policy » News
Amid Fed rate hike Centre not averse to weaker rupee vs US dollar: Report
Business Standard

Retail inflation in Sept to rise to five-month high at 7.4%: Deutsche Bank

India's headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest

Topics
Indian Inflation | retail inflation | Deutsche Bank

Reuters  |  Mumbai 



Inflation, rural demand

India's headline is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest of the month, said.

"Our nowcasting exercise reveals that is tracking around 7.4% yoy in September vs. 7.0% yoy in August," chief India economist Kaushik Das said in a note dated Sept. 20.

India's has stayed above the Reserve Bank of India's upper tolerance range of 6% for eight straight months through August.

The foreign bank expects inflation to average at 7% in October-December and 6.4% in January-March, with a full-year average projection of 6.9%, higher than the RBI's 6.7% estimate.

The RBI's inflation target stands at 4%, with 200 basis points tolerance on either side.

expect core inflation to be 6.1% in September and to average 6% for the current financial year, with risks biased to the upside given that services-related inflation momentum could gain traction in the coming months.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, September 22 2022. 11:52 IST

RECOMMENDED FOR YOU

.