India’s Consumer Price Index-based inflation is expected to be lower in February than in January. This statement has been given by Motilal Oswal Financial Services.
India’s Consumer Price Index-based inflation is expected to be lower in February than in January.
consumer price index of india (Consumer Price Index) based inflation ,inflation, February is expected to be lower than January. This statement has been given by Motilal Oswal Financial Services. Keep in mind that higher commodity prices (Prices)especially transport oil prices (Fuel Prices) contributed to higher levels of inflation in January 2022. As a result of this, the main figure of inflation in India – Consumer Price Index has increased on a yearly basis. The index rose to 6.01 per cent last month, from 5.66 per cent in December 2021 and 4.06 per cent in January 2021.
With this, the rate of retail inflation had exceeded the target of the Reserve Bank of India. The central bank has set a target of keeping the CPI in the range of two to six per cent. In addition, the rate of increase in the Consumer Food Price Index, which measures changes in retail prices of food products, increased from 4.05 per cent in December 2021 to 5.43 per cent in the previous month.
Growth a bigger concern than inflation: Report
Motilal Oswal Financial Services said that it is expected that the CPI has already reached its all-time high and it will reduce on an annualized basis in February 2022. He said that apart from this, growth is a bigger concern than inflation in India at this time. It further said that they expect real GDP to grow at 5 to 5.5 per cent against the market’s estimate of 6 per cent. They are expecting the monetary policy to normalize gradually in India.
Let us tell you that retail inflation is increasing rapidly. Retail inflation stood at 6.01 per cent in January as against 5.66 per cent in the month of December. Retail inflation for December has been revised upwards to 5.66 per cent. There was an important meeting of Finance Minister Nirmala Sitharaman and Governor Shaktikanta Das. After this meeting, Shaktikanta Das had told the media that the inflation rate in January would be around 6 percent. The Reserve Bank of India has set an inflation target of 4 percent. A margin of 2% has been given. The upper limit for inflation is 6 percent and the lower limit is 2 percent. Once again inflation has crossed the limits of the Reserve Bank. Retail inflation was 4.91 percent in November, 4.48 percent in October. A year ago in December 2020, the retail inflation rate was 4.59 percent.