CPI Inflation Up Marginally To 3.7% In August: CareEdge

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CareEdge Research Report

Highlights:

The CPI inflation inched up marginally to 3.7% in August up from 3.5% in July.
Core inflation remained steady at 3.4% in August.
Food and Beverages inflation rose to 5.3% in August up from 5.1% in the previous month.
If price pressures on food basket moderates, we anticipate that the RBI may initiate a shallow rate cut cycle in the second half of the fiscal year.
For FY25, we expect inflation to average 4.8%.

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CareEdge CPI_Inflation Update.pdf

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