2026-06-12 05:49:29 pm | Source: Elara Capital
Quote on CPI Data by Garima Kapoor, Deputy Head of Research & Economist, Elara Capital
Below the Quote on CPI Data by Garima Kapoor, Deputy Head of Research & Chief Economist, Elara Capital
CPI Inflation for May came a tad below the expectation of 4% despite the pass-through of high fuel prices and elevated food prices. With recent measures announced by the RBI and the government amid the likely expected resolution of the West Asian crisis, the macroeconomic backdrop has turned less adverse. We see Inflation averaging 5.2-5.3% in FY27 and see RBI hiking rates by 50bps in H2FY27
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