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Food Prices Nudge CPI Inflation Higher In August: CareEdge Analysis


BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

The retail inflation as measured by consumer price index inched up to 7% in August on high food inflation, bucking the easing trend of previous three months.

Higher prices for items like wheat, rice and pulses countered the easing edible oil prices leading to a rise in food inflation in August.

The inflation print was marginally higher than our estimate of 6.9%. There was a pick-up in sequential momentum in August. Core inflation also inched up marginally above 6% level.

Food and beverage inflation rose to 7.6% in August from 6.7% in July with key categories like cereals, milk, vegetables, pulses, spices and packaged food witnessing a higher inflation during the month. These items have a combined weightage of nearly 32% in the overall CPI basket.

Click on the attachment to read the full report:

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This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

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