India’s CPI will benefit from a high base in August 17 and as such analysts at TD Securities expect a small decline to have been registered in the pace of inflation in August 18.
Key Quotes
“Our forecast of 4.13% y/y in August from 4.17% y/y in July would mark the lowest y/y CPI rate since October 17.”
“Limiting the decline in inflation will be a renewed increase in oil and energy prices and renewed pressure on the INR.”
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