Food inflation to stay elevated; ICICI Bank sees 25 bps RBI rate hike in December
4 Articles
4 Articles
Inflation Crosses RBI Limit: With retail inflation reaching 6.09% in October, the Reserve Bank of India faces a growing challenge regarding interest rates. With food inflation at 8.94%, household budgets are already under pressure. Consequently, the repo rate is expected to rise by 0.25% at the December Monetary Policy Committee meeting.
The Hindu Business Line
ChiniMandiFood inflation to remain high for next few months, RBI may raise 25 bps in Dec: ICICI Bank
October CPI accelerates to 6.08% y-o-y on food prices and base effects; bank revises FY27 forecast to 5.2% amid monsoon and energy risks
Food inflation to stay elevated; ICICI Bank sees 25 bps RBI rate hike in December
Food inflation in India is projected to remain elevated in the coming months due to a shortfall in crops. The Reserve Bank of India is anticipated to raise interest rates by 25 basis points to manage retail inflation. Factors such as weak monsoon and high energy prices contribute to the rising inflation. Many essential food items are experiencing upward price pressure amid ongoing inflationary trends.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
