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Aug-12<br />
<strong>Oct</strong>-12<br />
Dec-12<br />
Feb-13<br />
Apr-13<br />
Jun-13<br />
Aug-13<br />
<strong>Oct</strong>-13<br />
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Aug-14<br />
<strong>Oct</strong>-14<br />
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<strong>Oct</strong>-15<br />
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<strong>Oct</strong>-16<br />
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<strong>Oct</strong>-17<br />
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Aug-18<br />
CPI Inflation: Dipping Below MPC’s Medium Term<br />
Target Of 4.0% After A Gap Of 10 Months<br />
12.0%<br />
10.0%<br />
8.0%<br />
6.0%<br />
4.0%<br />
2.0%<br />
0.0%<br />
CPI<br />
Core CPI<br />
5.90%<br />
3.70%<br />
• The CPI inflation moderated to a 10-month low 3.7% in August <strong>2018</strong> (+3.3% in August 2017) from 4.2% in July <strong>2018</strong> (+2.4% in July 2017)<br />
• The core-CPI inflation displayed a broad-based easing to 5.9% in August <strong>2018</strong> from 6.3% in July <strong>2018</strong>.<br />
• The inflation for food and beverages eased to a 13-month low 0.9% in August <strong>2018</strong> (+2.0% in August 2017) from 1.7% in July <strong>2018</strong> (+0.4% in<br />
July 2017), led by a substantial drop in inflation for perishables<br />
• The urban CPI inflation eased mildly to a 10-month low print of 4.0% in August <strong>2018</strong> from 4.3% in July <strong>2018</strong><br />
• The rural CPI inflation softened sharply to a 10-month low 3.4% in August <strong>2018</strong> from 4.1% in July <strong>2018</strong><br />
Source: MOSPI, ICRA<br />
Source: MOSPI, ICRA<br />
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