The ghost of inflation may not leave the Indian economy anytime soon
Axis Bank's latest report warns that inflation in India is unlikely to ease quickly, as both core and food price indices are expected to remain closely linked. Despite food prices and vegetable costs being at cyclical highs, the report highlights that supply responses may lag the demand boost driven by income-transfer schemes.
«In India, we do not see inflation easing quickly: over the long term, core and food price indices move together. Though food relative to core, and vegetables relative to food, are both at cyclical highs, the supply response may lag the demand boost from income-transfer schemes,» said the report titled " India Economic and Market Outlook 2025 ".
ALSO READ: India's CPI inflation likely to ease to 5.5% in Nov from 6.2% in Oct: Morgan Stanley
India's retail inflation surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes of an interest rate cut by the central bank next month.
The annual retail inflation of 6.21% in October breached the central bank's tolerance band for the first time in more than a year.
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