India's June CPI inflation rose to 4.4% y/y, exceeding expectations due to energy and food price pressures. ANZ Research expects the RBI to pause rate hikes in August.
Key Takeaways
- 1.June CPI inflation reached 4.4% y/y, exceeding market expectations, driven by fuel and broad-based food price increases.
- 2.The Reserve Bank of India is now expected to pause interest rate hikes at the August meeting rather than proceed with a 25bp hike.
Table of Contents
- India's CPI inflation: above target and expectations
- Key highlights
- Outlook
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Authors
Dhiraj NimSanjay Mathur
Themes
Inflationary PressureMonetary Policy Outlook
Regions
Asia PacificIndia