India retail inflation data expected today. Experts predict December CPI may come near 6%
Emkay Global Financial Services expects December CPI to come at 5.88 per cent while core inflation, which excludes volatile items like food and fuel prices, may ease to 3.9 per cent. Sujan Hajra, Chief Economist at Anand Rathi Shares & Stock Brokers expects CPI inflation to notch up to 5.72 per cent in December 2023. Global financial firm Barclays estimates that CPI inflation rose modestly in December to 5.6 per cent year-on-year (YoY), driven higher mostly by unfavourable base effects.
Barclays expects core inflation to continue its moderating trend, slowing to 3.99 per cent year-on-year in December from 4.05 per cent in November. Also Read: CPI preview: Inflation turning benign, core inflation could fall below 4%, says Barclays According to a Mint poll of 19 economists, India’s retail inflation likely rose for the second straight month to 5.9 per cent in December 2023. Also Read: India inflation likely crept closer to 6% in December: Mint poll The predictions in the poll ranged between 5.5 per cent and 6.4 per cent, with six economists expecting inflation to be at or above 6 per cent, the upper tolerance limit of the RBI’s inflation-targeting mandate, Mint reported.
Also Read: India's retail inflation data expected tomorrow. Analysts estimate a rise in December CPI Meanwhile, the December US inflation number exceeded expectations, denting the hopes of an early rate cut by the US Fed. As Reuters reported, data showed headline US CPI rose 0.3 per cent in December for an annual gain of 3.4 per cent.
That was expected to be 0.2 per cent and 3.2 per cent, respectively. "The US CPI inflation inching up to 3.4 per cent year-on-year (YoY) is slightly negative from the global equity market perspective. The rate cut expected
. Read more on livemint.com
