YES Bank forecasts RBI rate hike amid rising CPI inflation
India's CPI inflation rose to 4.82% YoY in August, prompting YES Bank to predict a potential RBI rate hike in December. Core inflation also increased, indicating ongoing price pressures in the economy.
pre-market1 source ↓written by the desknot a recommendation
- in August
- 4.82% YoY
- in July
- 4.45%
- food inflation
- 5.95%
- CPI eased
- 0.73%
- inflation increased
- 4.2% YoY
India’s consumer price inflation rose to 4.82% YoY in August, up from 4.45% in July, driven by higher food inflation at 5.95%. Despite this, month-on-month CPI eased to 0.73%. YES Bank anticipates the RBI may initiate a rate hike cycle starting December, impacting market sentiment.
• Core CPI inflation increased to 4.2% YoY
• Headline WPI inflation at 9.9% YoY
• Core WPI inflation recorded at 8.1%
Not investment advice. For informational purposes only.