Consume price inflation in India which eased to an over six-year low in May (at 2.82 per cent) is seen declining further towards 2 per cent, perhaps even lower, by July, according to a report SBI Research.
Analysts expect inflation to remain under control, allowing the RBI to focus on supporting economic growth. The recent 50 basis points repo cut was quite an indication.
The outlook for food inflation in India has turned decisively positive over the recent correction in vegetable prices, coupled with estimates of a record wheat and higher pulses production, the Minutes of the latest RBI monetary policy said.
Wholesale inflation in India edged marginally higher in February, rising to 2.38 percent, according to data released by the commerce ministry on Monday. In January, it was 2.31 percent.
India's Wholesale Price Index (WPI) inflation is expected to decline to 2 per cent in February 2025 from 2.3 per cent in January, primarily due to a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India.
Inflation in India is expected to ease in the coming months, with Consumer Price Index (CPI) inflation projected to remain in the range of 4.2-4.5 per cent in the fourth quarter of FY25, according to a report by Bank of Baroda.
The middle and high-income states in the country have experienced a sharper decline in food inflation compared to low-income states, says a report by the State Bank of India (SBI).
Consumer Price Index (CPI) inflation in India is expected to decline to 5.5 per cent year-on-year in November, compared to 6.2 per cent in October, according to a recent report by Morgan Stanley.