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ING sees India inflation risks skewed higher for coming months

ING economists forecast India’s consumer inflation at 4.2% year on year in June, with wholesale inflation easing to 9%.

Reported · Written up by our desk · Central Banks

ING economists Deepali Bhargava and Lynn Song project India’s consumer inflation will edge up to 4.2% year on year in June, while wholesale inflation is expected to moderate to 9%.

They said lower Brent prices should help ease wholesale costs, but they see risks tilted to the upside from retail fuel prices and firmer food inflation.

The economists also flagged sticky core pressures as another factor that could keep overall inflation elevated over the coming months, despite the expected moderation in wholesale inflation.

FXStreet notes the view is part of a broader inflation and rate narrative being watched by markets, with attention also on upcoming US and other macro developments.

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