COVID-19 crisis: Retail inflation may stay elevated in short-term, say experts
Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors
PTI | December 18, 2020 | Updated 15:14 IST
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank s comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent.
NEW DELHI, Dec 18: After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank’s comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold.
For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent.
Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.