According to the “Wall Street Journal” median survey of nine economists, India's CPI increase may rise slightly to 0.7% year over year in November, while in October this figure hit a record low of 0.25%. Penson Macro said that the increase in overall CPI was mainly driven by a jump in fuel and energy inflation, which may be boosted by “seasonal residual factors.” Analysts at the ANZ Research Division pointed out in the report that food prices may continue to remain moderate, while household goods and services prices may fall further due to the recent reduction in the goods and services tax rate. They said, “There are currently no signs of demand-driven inflationary pressure that worries central banks,” which leaves room for a more growth-oriented monetary policy.

According to the “Wall Street Journal” median survey of nine economists, India's CPI increase may rise slightly to 0.7% year over year in November, while in October this figure hit a record low of 0.25%. Penson Macro said that the increase in overall CPI was mainly driven by a jump in fuel and energy inflation, which may be boosted by “seasonal residual factors.” Analysts at the ANZ Research Division pointed out in the report that food prices may continue to remain moderate, while household goods and services prices may fall further due to the recent reduction in the goods and services tax rate. They said, “There are currently no signs of demand-driven inflationary pressure that worries central banks,” which leaves room for a more growth-oriented monetary policy.