June CPI inflation may inch up to 4.9%: Mint poll
livemint.comAlso read: Monsoon effect: Tomato prices soar to ₹90/kg in Delhi-NCR as supplies hit due to rains Besides vegetables, pulses and milk prices may have added to inflationary pressures in June. However, a more favourable base effect from July could help slow inflation.
Last month, the Monetary Policy Committee (MPC) of the RBI kept the policy repo rate unchanged at 6.5%, although two of the six members of the panel voted to cut the rate, as the uncertainty over food’s inflation trajectory is alive and inflation continues to be above the medium-term aim of 4% for over four-and-a-half years now. Also read: Why vegetable prices are burning a hole in your wallet “In the near term, base effects are likely to contribute to a precipitous drop in the headline inflation in July-September, as expected by the RBI," Barclays said in a report last week.
Read more on livemint.com
