💨 Abstract

The ICICI Bank Global Markets report suggests a positive outlook for core inflation, despite some upward pressure from industrial metal prices. Core inflation increased in February due to a surge in gold prices, but the stabilization of global edible oil prices and expectations of a normal monsoon indicate a favorable food inflation trend. However, uncertainties persist due to global market movements and fluctuations in fertilizer costs. Inflation is expected to average 4.2%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖