India CPI Preview: Forecasts from three major banks, inflation likely eased below 6% in March India CPI Inflation USDINR Banks
data on Wednesday, April 12 at 12:00 GMT and as we get closer to the release time, here are forecasts from economists and researchers of five major banks regarding the upcoming inflation data.
Inflation is expected at 5.8% year-on-year vs. 6.44% in February. If so, inflation would be the lowest since December and back within the 2-6% target range.“We expect both headline and core inflation at 5.9% YoY, or below 6% – the upper end of the official target range. This follows two months of inflation breaching the target range. Base effects turned favourable in February and became larger in March.
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