Food inflation to drive up India’s CPI to 6.2% in Sep quarter: Morgan Stanley
1 year, 4 months ago

Food inflation to drive up India’s CPI to 6.2% in Sep quarter: Morgan Stanley

Live Mint  

New Delhi: Morgan Stanley on Tuesday said it expects India's retail inflation to leap to 6.2% at the end of the quarter ended September, against its previous forecast of 5.5%, due to higher food inflation. The investment banking and financial services major said that despite its core inflation forecast for India remaining unchanged, it maintains the base case of a shallow rate cut cycle from January-March 2024. In a report titled 'Assessing Risks to Inflation Trajectory', Morgan Stanley said it expects India's CPI inflation during July to be around 6.2-6.4%. "Even as we expect headline inflation to track somewhat higher than our previous expectation, we believe that the underlying trend in inflation remains unchanged, as reflected in core inflation forecasts," the Morgan Stanley report said.

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