Brokerage Views On India's May Inflation Print | ET Now

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Published on June 14, 2022 8:01:05 AM ● Video Link: https://www.youtube.com/watch?v=kWIEFFy83RI

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India’s inflation for the month of May rose 7.04% YOY on elevated food prices. The consumer food price index for the month of May rose 7.97% YOY. The numbers here continue to be well above the 6% inflation which is RBI’s upper tolerance band. On top of this there is yet to be a full translation of oil prices onto the Indian consumer. Sajjid Chenoy of JP Morgan believes that CPI prices will continue to remain elevated and input price pressures will continue. Neelkanth Mishra of Credit Suisse believes that inflation volatility will remain high in coming months. Hersh Sayta brings us the brokerage views.
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