ING: India June CPI Seen at 4.2% YoY, Wholesale Inflation Eases

ING economists Deepali Bhargava and Lynn Song project India’s consumer price index (CPI) will edge up to 4.2% year-on-year in June. Wholesale inflation is expected to moderate, though the specific figure was not disclosed in the note.

The economists highlight that inflation risks remain skewed to the upside, which could keep the Reserve Bank of India cautious on monetary policy. The forecast comes amid global price pressures and domestic demand dynamics.