CPI Jumps To Three-Month High In Jan On Rising Food, Sticky Core Inflation: CareEdge
BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
India’s Consumer Price Index-based retail inflation climbed higher to 6.5% in January 2023 from 5.7% in December. After two consecutive months of moderation below the Reserve Bank of India’s upper tolerance level, the spike seen in January was due to rising food and sticky core inflation.
Sequentially as well, inflation has snapped a two-month contractionary streak. Food inflation increased to 6.2% in January 2023 from 4.6% in December 2022.
While prices of vegetables, which are a relatively volatile component, have contracted for the third straight month (down 12% YoY), the momentum was not strong enough to offset the sharp increase in prices of cereals, meat and fish, milk, and eggs.
Meanwhile, core inflation remained sticky at 6.3% in January (unchanged from the previous month) on account of further strengthening of price pressures in categories such as housing, healthcare and personal care.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.