Synopsis We think inflation will have rebounded in February, to 4.8%. The increase in domestic fuel prices last month suggest that transport inflation will have accelerated, said Shilan Shah, India economist at Capital Economics. What s more, retail food price data point to a significant rebound in food inflation.
Agencies
No contributor expected retail inflation to rise above the RBI s upper limit of 6.0%, even though Brent crude oil prices have reached highs not seen since the pandemic began.
India s retail inflation probabaly rose in February as food and fuel prices went up but remained within the Reserve Bank of India s target range for a third straight month, a Reuters poll predicted.
India s economy returned to growth last quarter after contracting in first two quarters of fiscal year
India s retail inflation probably rose in February as food and fuel prices went up, but remained within the Reserve Bank of India s target range for a third straight month, a Reuters poll predicted. The March 5-9 poll of over 50 economists showed retail inflation climbed to 4.83 per cent in February from January s 4.06 per cent. We think inflation will have rebounded in February, to 4.8 per cent. The increase in domestic fuel prices last month suggest that transport inflation will have accelerated, said Shilan Shah, India economist at Capital Economics.
Inflation may spoil India’s recovery story once again
Inflation may spoil India’s recovery story once again
While inflation is expected to remain within the RBI’s target range of 2-6 per cent for a third straight month, experts are worried that higher inflationary pressure on citizens may disrupt India’s economic recovery in the coming months.
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UPDATED: March 10, 2021 15:06 IST
Inflation triggered by rising fuel and energy prices in the country has already resulted in higher spending towards various other commodities and services. (Photo: Reuters/Representational image)
Inflation may spoil India’s recovery story once again as it probably rose due to higher food and fuel prices in February.
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