India monsoon ends with 12.5% deficit impacting inflation
pre-market1 source ↓written by the desknot a recommendation
- concluded
- 12.5% rainfall deficit
- predicted
- 10%
India's Southwest monsoon concluded with a 12.5% rainfall deficit, worse than the 10% predicted by the India Meteorological Department. This shortfall poses risks to farm output and rural consumption, potentially affecting inflation rates. Nomura suggests that while inflation remains manageable, further price hikes could strain demand.
Not investment advice. For informational purposes only.