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On November 11, 2024, the employee loaded consumer goods to the basket in Kolkata, India.
Nurphoto | Nurphoto | Gets the image
In June, inflation in India continued easily, affected by 2.10%lower than expected by Monday by government data.
The inflation coefficient extended its slide after falling to more than six -year minimum in May, as the rise in food prices continued to decline. Economists surveyed by Reuters predicted on June 2.5%.
The consumer price index fell by the eighth month in June.
In June, compared to 0.99% in May compared to 0.99%.
Inflation data offers more the India’s reserve bank to continue to relax its monetary policy after reducing the negative rate by 50 basic points in May.
Governor RBI Sanji Malhotra – said Let this record production of wheat and a higher yield of key impulses in the spring crop season “must provide proper delivery of key food products”, increasing the prospects for further reduction of food inflation.
“With the help of good weather results, we expect inflation about 2.5% over the next six months. The high base over the last three years and strong grain production will help continue food inflation below,” the HSBC note in the note on June 30.
“Good monson will help to keep inflation, increase the real salary and increase the consumers’ purchasing power of the informal sector,” HSBC said.
Increasing domestic consumption will speed up India’s economy after the end in March, which ended by 7.4% by 7.4%.
Malhotra, however, warned that the country should monitor the uncertainty related to the weather, as well as the concerns of tariffs and their influence on world commodity prices.
India is negotiating with the United States to conclude a trade transaction before President Donald Trump’s tariff period on August 1, if the country would be invited to import duties of 26%.
Reported about Indian media Last week, if it is expected that the trade delegation will go to Washington for negotiations after Trump restarts sending a tariff letter to countries earlier last week.
New Delhi earlier this month offered retaliation against the US in the World Trade Organization, Reuters reports Speaking a 25% tariff for Washington by cars and some auto parts that affect $ 2.89 billion.
