India December retail inflation climbs to five-month high of 5.59% [Financial Post (Toronto, Ontario, Canada)]
Axis Capital Holdings Limited (AXS)
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Source: Financial Post
to hold on key policy rates next month amid concerns the fast-spreading Omicron variant of COVID may impact economic activities. Consumer prices, buoyed by rising prices of food and manufactured items, rose 5.59% in December from a year earlier and compared with 4.91% in the previous month, Ministry of Statistics data showed on Wednesday. This year's Oscars show will go on, with a host for first time since 2018 Advertisement COMMENTARY Advertisement Article content TANVEE GUPTA JAIN, CHIEF INDIA ECONOMIST – UBS, MUMBAI “We expect CPI inflation to remain elevated in the 5.5%-6% range until April 2022. We believe the surging COVID-19 cases in India and the consequent supply-side disruptions along with rising input costs pressures will keep inflation higher over the coming months.” “We think India's Monetary Policy Committee is facing a tough choice. We believe if risks surrounding the new Omicron variant persist in the upcoming weeks, compounding near-term uncertaintie
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