India's CPI Inflation Picks Up To 5.6% On Food, Unfavorable Base: CareEdge

A fruit and vegetable vendor in a market place. (Photo: Ela Abbou/ Unsplash)

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CareEdge Research Report

  • India's consumer price index inflation rose to three-month high of 5.6% in November.

  • The uptick was on account of sharp increase in vegetables prices.

  • Core inflation moderated to 4.2% from 4.4% a month ago.

  • Vegetables prices could soften in coming months due to improved seasonal supply. 

  • Sticky inflation in non-perishable food categories pose a risk of potential generalisation of price pressures.

  • An unfavorable base is expected to push CPI inflation higher to around 5.8-6% in December.

  • For FY24, our CPI inflation expectation is unchanged at 5.4%.

Click on the attachment to read the full report:

CareEdge CPI Inflation November_2023.pdf
Read Document

Also Read: India's CPI Inflation Rises To Three-Month High At 5.55% In November

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all
Members-only benefits
Still Not convinced ?  Know More
Watch LIVE TV , Get Stock Market Updates, Top Business , IPO and Latest News on NDTV Profit.
GET REGULAR UPDATES