Economist at UOB Group Barnabas Gan assessed the latest inflation figures in India. Key Quotes “India’s headline consumer prices rose 5.9% y/y in March 2020, the slowest in four months. Core inflation remained stable at 4.1% y/y in the same period on the back of stable services prices.” “Food inflation is expected to spike in the coming months as domestic supply chain disruption led by the lockdown inhibited food production and packaging process. We expect food inflation to return to 10% with upside risks in 1QFY2019-2020.” “Services inflation may however fall in the coming year as labour conditions softened dragged by the lockdown. Unemployment is expected to spike in the coming months as the lockdown left millions of migrant workers jobless.” “Inflation in the upcoming fiscal year (FY2019-2020) is expected to fall to 3.5%, down from FY2018-19’s average of 4.8%. This is assuming that the lockdown will not be extended beyond 3rd May 2020, and food prices could moderate lower for the rest of the year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next France: Lockdown extension could see GDP falling by 20% in Q2 – ABN Amro FX Street 2 years Economist at UOB Group Barnabas Gan assessed the latest inflation figures in India. Key Quotes “India’s headline consumer prices rose 5.9% y/y in March 2020, the slowest in four months. Core inflation remained stable at 4.1% y/y in the same period on the back of stable services prices.” “Food inflation is expected to spike in the coming months as domestic supply chain disruption led by the lockdown inhibited food production and packaging process. We expect food inflation to return to 10% with upside risks in 1QFY2019-2020.” “Services inflation may however fall in the coming year as labour conditions softened dragged… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
