India’s inflation rose to a three-month high of 4.81% in June compared with 4.29% in May, due to surging prices of vegetables and pulses. This prompted economists to raise their forecasts for the year with Barclays now seeing consumer price inflation averaging at 5%, Yes Bank at 5.3%, and Emkay Global Financial Services at 5.2%.
Barclays, Yes Bank raise India inflation forecast as prices jump
India’s inflation rose to a three-month high of 4.81% in June compared with 4.29% in May, due to surging prices of vegetables and pulses. This prompted economists to raise their forecasts for the year with Barclays now seeing consumer price inflation averaging at 5%, Yes Bank at 5.3%, and Emkay Global Financial Services at 5.2%.