DBS forecasts India’s July inflation at 4.4% year-on-year, with core inflation below 4% due to softer precious metals prices.
India’s July inflation is expected to remain unchanged at 4.4% year-on-year, according to projections. Core inflation readings are anticipated to stay below 4%, driven by softer prices in precious metals.
Food staples show mixed trends, while adjustments in fuel prices may push utilities and fuel costs higher. The trade deficit persists, adding pressure to external balances.
The forecast aligns with recent trends, as June inflation also printed at 4.4%, reflecting stable price pressures amid fluctuating commodity markets.