Headline CPI rose to 5.08%YoY in Jun'24 due to food inflation (9.36%YoY). Despite the high base from Jul-Aug'23, CPI inflation will be near 5%YoY in Jul-Oct'24, delaying rate cuts until Dec'24.
What is covered in the Full Insight:
Introduction
Current Inflation Status
Analysis of Core vs Headline Inflation
Fiscal Measures and Their Impact
Future Projections and Rate Cut Timing
SUMMARY
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