MOFSL Group

Alumni Network

Group Websites

nifty 22,570.35

167.95 (0.75%)

25-Apr-2024 | EOD

sensex 74,339.44

486.50 (0.66%)

25-Apr-2024 | EOD

MOFSL 2,463.75

110.75 (4.71%)

25-Apr-2024 | EOD

EcoScope Back

The Economy Observer: CPI inflation hits seven-month high in October

13-Nov-2017

CPI inflation inched up to 3.6% YoY in October 2017, higher than consensus of 3.4%, but lower than our estimate of3.8%. This was the highest level of inflation in seven months.
The rise was largely driven by a surge in vegetable inflation to a 15-month high of 7.5% in October 2017. Food inflation increased to 1.9% from 1.3% in September 2017.
Core inflation remained unchanged versus the preceding month at 4.6% in October. Although housing inflation surged to 6.7%, it was offset by a decline in inflation in the transport & communication group. Inflation in core services declined to a record low of 3.4% in October 2017.
We expect headline CPI inflation to rise toward 4.5% and core inflation to touch 5% by Jan-Feb 2018. Accordingly, we do not expect any rate cut in the remaining part of FY18.

view report Download report open an account trade now