India: CPI to increase to 4.17% y/y in September - TDS

Analysts at TD Securities expect India’s CPI to increase to 4.17% y/y in September from 3.69% y/y in August.

Key Quotes

“Core and core-core CPI both eased in August, with most CPI components showing a slower pace of increase except fuel, which rose at its fastest pace since August 13. A similar outcome is likely in September, with the main driver of CPI likely to be fuel once again. Also a lower base in September last year will also help to result in a higher reading for Sep 18.”