Now Reading: India CPI inflation at 4.45% in March, core remains sticky
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India CPI inflation at 4.45% in March, core remains sticky
India's consumer price index (CPI) inflation stood at 4.45% in March, led by food inflation which rose to 5.2%, NDTV Profit reports. On a month-on-month basis, headline inflation increased 0.9% while food…
The Story in Brief
India's consumer price index (CPI) inflation stood at 4.45% in March, led by food inflation which rose to 5.2%, NDTV Profit reports. On a month-on-month basis, headline inflation increased 0.9% while food prices rose 2%. Core inflation remained sticky, the report adds.
Despite the moderation within the RBI's 2-6% target band, Bank of America (BofA) still expects the central bank to hike rates by 50 basis points in FY27. The data comes amid global trade uncertainty and domestic demand pressures.
The Indian Opinion
The narrative that the RBI will soon cut rates because inflation is within the target band ignores the sticky core and the 50-bp rate hike BofA still expects for FY27. Food inflation, at 5.2%, keeps households anxious while offices in Mumbai bank on softer prints. Let us watch the April monsoon forecast and the next WPI data: if both come in hot, rate cuts will vanish from the discussion.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
