Edelweiss expects food inflation to rise towards 4% in next 4-5 months
Updated : June 17, 2019 08:57 AM IST
Expect overall food inflation to rise towards 4 percent over the coming four-five months, outpacing Reserve Bank of India's (RBI) indicative trajectory, said Edelweiss in its research report.
It further added that the food inflation is expected to rise, although core should moderate further. Rise in headline CPI (Consumer Price Index) is seen to be normalisation of food inflation rather than a deteriorating dynamic.
Food inflation climbed in to positive territory after hovering below zero for several months. This rise is on expected lines and is limited to a few commodities such as pulses and vegetables, said the report.