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India’s CPI Inflation Likely To Ease To 5.5 PC In Nov From 6.2 PC In Oct: Morgan Stanley

The report anticipated that the monthly index will register a sequential decline, primarily attributed to falling food prices. The report also pointed to a deceleration in core CPI, which includes goods and services excluding food and fuel, as a contributing factor.

Consumer Price Index (CPI) inflation in India is expected to decline to 5.5 per cent year-on-year in November, compared to 6.2 per cent in October, according to a recent report by Morgan Stanley.

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The report anticipated that the monthly index will register a sequential decline, primarily attributed to falling food prices. The report also pointed to a deceleration in core CPI, which includes goods and services excluding food and fuel, as a contributing factor.

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It said, “We expect CPI inflation to edge downwards to 5.5 pcY in November from 6.2pcY in October, aided by a moderation in food prices, even as core ticks up and fuel continues to decline. On a sequential basis, we anticipate the index to decline on the back of contracting food prices and a deceleration in core CPI”.

This easing in inflation comes as a relief for policymakers and consumers, as high food prices have been a major driver of elevated inflation in recent months. The decline in fuel prices further supports the downward trend, reducing pressure on household budgets and businesses.

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The expected moderation in CPI inflation aligns with efforts by the Reserve Bank of India (RBI) to maintain price stability while supporting economic growth. If inflation trends continue to ease, it could provide the central bank more room to maneuver in its monetary policy decisions.

Earlier, an another report by Union Bank of India stated that India’s Consumer Price Index (CPI) inflation is expected to ease to 5.4 per cent in November 2024, down from 6.2 per cent in October.

The decline is primarily attributed to a seasonal drop in vegetable prices, which surged significantly in the previous months.

The report highlighted that vegetable prices, a major contributor to the CPI spike in October, showed a substantial decline in November.

After recording a 42 per cent year-on-year increase in October–the highest since January 2020–vegetable price inflation is estimated to have dropped to 27 per cent in November, driven largely by a reduction in tomato prices.

Also Read: 8th Pay Commission: Opposition MPs Question Government! 186% Salary Hike And Others – What You Need To Know?

ABOUT THE AUTHOR

Vaidika Thapa

Vaidika Thapa

Vaidika is a news author with 2 years of experience in Journalism. She covers a wide range of topics, including politics, health, world, science ensuring her readers stay informed about the latest trends and current events. Vaidika holds a Bachelors degree in English Honours from Maharaja Agrasen College, University of Delhi and PG Diploma in Broadcast Journalism from ITMI. She has worked with reputable media outlets like ANI. In addition to her articles, Vaidika runs a live blog that provides real-time updates on breaking news and trending stories. This interactive platform allows her audience to engage with the news as it happens, enhancing their understanding of important issues. Every piece of news she writes is verified by the team of News Desk before publishing. She is committed to delivering accurate and trustworthy information, making her a reliable source for readers seeking quality content. When she's not writing, she enjoys cooking. You can connect with her on Instagram for more insights and updates.

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First published on: Dec 10, 2024 11:49 AM IST


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