India: CPI likely to print 4.13% y/y in August - TDS

India’s CPI will benefit from a high base in August 17 and as such analysts at TD Securities expect a small decline to have been registered in the pace of inflation in August 18.

Key Quotes

“Our forecast of 4.13% y/y in August from 4.17% y/y in July would mark the lowest y/y CPI rate since October 17.”

“Limiting the decline in inflation will be a renewed increase in oil and energy prices and renewed pressure on the INR.”