It is expected that November 2021 inflation data based on retail inflation or consumer price index (CPI) will be announced tomorrow on December 13, and the inflation rate is expected to rise from 4.48% in October 2021 to more than 5%. November 2021.
The upward forecast of November retail inflation data is mainly due to the increase in fruit and vegetable prices.
According to a Reuters survey of 39 economists from December 6 to 8, the November consumer price inflation forecast was 5.10%, higher than the 4.48% recorded in October 2021.
If achieved, it will be within the Reserve Bank of India’s 2% to 6% target range for the fifth consecutive month.
The November retail inflation data predicted in the polls ranged from 4.50% to 5.32%.
Last week, while maintaining the status quo of repurchase rates, Reserve Bank of India Governor Shaktikanta Das said that for the current fiscal year, retail inflation It is expected to be around 5.3%.
“This inflation The trajectory may be consistent with our previous forecast, and price pressures may continue in the short term. Given the bright prospects for rabies crops, vegetable prices are expected to undergo seasonal adjustments with the arrival of winter.Cost-driven pressure continues to affect core business inflation, Although their delivery may remain silent due to the weak economy,” Mr. Das said.
Considering all these factors, CPI inflation He has stated that the economic growth rate for 2021-22 is expected to be 5.3%, and added that it is expected to be 5.1% for the December quarter of this fiscal year and 5.7% for the March quarter of 2021-22.