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INDIA CENTRAL BANK: Wholesale Price Declines Give RBI Reasons to Hold.

INDIA CENTRAL BANK
IndiaGlobalEM BulletBulletAPACEmerging Market NewsRegion
  • The downward trend for prices in India continues with wholesale prices rising only 1.31% in August.
  • Down from 2.04% in July, yesterday’s print was below estimates of 1.78%
  • Food prices remain elevated whilst manufactured goods only rose 1.22%.
  • This is likely further evidence for the RBI to remain on hold for now given their expectations for seasonality in prices in the coming months.
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  • The downward trend for prices in India continues with wholesale prices rising only 1.31% in August.
  • Down from 2.04% in July, yesterday’s print was below estimates of 1.78%
  • Food prices remain elevated whilst manufactured goods only rose 1.22%.
  • This is likely further evidence for the RBI to remain on hold for now given their expectations for seasonality in prices in the coming months.