‘Inflation to moderate to 5% for Jan.’
Context:
Foreign brokerage Morgan Stanley has recently stated in its report that retail inflation is expected to moderate at 5% for January
Highlights of the Report:
- The report has stated improvement in both inflation and trade deficit numbers for January
- Improvement in inflation numbers has been helped largely by the seasonal dip in vegetable prices
- However, the report has flagged concern that “moderate risks to macro stability are emerging on account of the wider-than-targeted fiscal deficits.”
Additional Information:
- Consumer price inflation (CPI) stood at 5.2% in December
- Official data for consumer price inflation (CPI) for January would be released by the government soon.
