Consumer Price Inflation Reduced In September Due To Decrease In Crude Oil Prices: Reuters Poll
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India’s As per a poll of 28 economists, CPI in September was predicted to have increased by 7.2% as compared to 7.8% in August. “A fall in vegetable prices in the month is the main reason we expect a fall in CPI,” said Aman Mohunta, economist at Nomura. The CPI data will be released today in the evening.
The
“The RBI has done a fairly good job in bringing down inflation expectations, even so 6% by 2016 looks a bit ambitious,” said Shilan Shah, senior economist at Capital Economics in London. “Any negative effect on local food production and food prices is the biggest risk...it’s the one that’s always there” he added.
The poll also forecast the wholesale price inflation (WPI) to come down to 3.3% from last month’s 3.7%, owing to a decrease in global crude oil prices. The
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