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SBI Research Projects India's September CPI at 5.65%, October-November Above 6.5%
SBI Research anticipates India's Consumer Price Index (CPI) inflation for September will reach 5.65%. The report forecasts a subsequent rise above 6.5% for both October and November, driven by elevated food prices. This projection implies sustained…
SBI Research's latest analysis indicates that India's Consumer Price Index (CPI) inflation for September is likely to settle at 5.65%. The report further projects a significant increase in inflationary pressures for the subsequent months, with CPI expected to surpass 6.5% in both October and November.
This upward trajectory in the inflation forecast is primarily attributed to a rise in food prices, which continue to exert substantial pressure on the overall price index. Persistent food inflation suggests a challenging environment for the Reserve Bank of India (RBI) as it monitors price stability and evaluates its monetary policy stance.
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