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Winter, Budget reins on rate cut
Hindustan Times Lucknow|December 16, 2024
Inflation tethered to food prices; rate action will rest on winter-crop yield, fiscal stance in Budget

November inflation numbers were on expected lines at 5.5%. The moderation from October's inflation print of 6.2% is the result of an almost two-percentage point fall in food inflation to 9% with fuel prices continuing to contract and core—non-food, non-fuel—inflation staying flat at 3.7%. This means that the broad inflation story remains the same. Food is what is keeping it above RBI's target of 4%, and its future trajectory will largely be determined by movement in food prices. What happens to them is largely a function of how the climate rather than economy behaves going forward.

Bu hikaye Hindustan Times Lucknow dergisinin December 16, 2024 sayısından alınmıştır.

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Winter, Budget reins on rate cut
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Bu hikaye Hindustan Times Lucknow dergisinin December 16, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

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Hindustan Times Lucknow

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A live-action adaptation that lacks both style and substance

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UPAA to conduct national cross-country at Meerut on Jan 12

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5 dak  |
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