net_left XM mien phi swap Kdata adver left

India's inflation likely remained steady at 5.90% in December: Reuters poll

Tuesday, January 10, 2023

By Madhumita VikramGokhale

BENGALURU (Reuters) - India's retail inflation held steady in December, staying within the Reserve Bank of India's comfort zone for a second month as a moderation in food price rises was partly offset by elevated core inflation, a Reuters poll of economists found.

The Jan. 4-9 poll of 45 economists put consumer price inflation at 5.90% in December from a year earlier, little changed from an eleven-month low of 5.88% in November.

If confirmed, inflation would be within the RBI's 2-6% comfort range for a second month but it has been above the medium-term target of 4% for over three years.

Forecasts ranged from 5.40% to 6.40%.

But wholesale inflation likely slowed to 5.60% last month from a year ago, down from 5.85% in November.

"I think the sequential decline in food prices is likely to have a moderating impact on inflation, however, we are not looking at a very sharp fall from the previous meeting, because core inflation will continue to remain sticky. And that should provide a floor," said Sakshi Gupta, principal economist at HDFC Bank.

Core inflation, when volatile food and energy prices are stripped, is viewed by central banks around the world as a better measure of the persistence of price pressures and has remained high in India.

Most economists expect core inflation to remain sticky in the coming months.

Recently, RBI Governor Shaktikanta Das said the bank would continue its fight against inflation despite the worst being "behind us", suggesting the central bank was likely to remain hawkish in the near term.

"We have been highlighting that monetary policy setting in India is going to be a two-step process: first to bring inflation within the tolerance band and then to bring it closer to the 4% target," wrote Aastha Gudwani, India economist at BofA Securities.

"While we have achieved the first milestone, we still don't see CPI inflation falling to 4% levels and thus expect the RBI MPC to continue to raise rates further albeit at a slower pace."

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
XM nhan 5k net_home_top HOT AUTO TRADE BOT SOFTWARE
07-12-2023 08:14:28 (UTC+7)

EUR/USD

1.0771

+0.0009 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

EUR/USD

1.0771

+0.0009 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (2)

GBP/USD

1.2564

+0.0004 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

USD/JPY

147.07

-0.24 (-0.16%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (5)

AUD/USD

0.6554

+0.0005 (+0.08%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (3)

USD/CAD

1.3591

-0.0001 (-0.00%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

EUR/JPY

158.41

-0.15 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

EUR/CHF

0.9419

+0.0002 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (6)

Gold Futures

2,046.20

-1.70 (-0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

24.275

+0.047 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (1)

Copper Futures

3.7553

+0.0253 (+0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Crude Oil WTI Futures

69.75

+0.37 (+0.53%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Brent Oil Futures

74.66

+0.36 (+0.48%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Natural Gas Futures

2.569

+0.002 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

US Coffee C Futures

175.85

-7.90 (-4.30%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (10)

Sell (0)

Euro Stoxx 50

4,483.75

+30.98 (+0.70%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (6)

S&P 500

4,549.34

-17.84 (-0.39%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (4)

DAX

16,656.44

+123.33 (+0.75%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

FTSE 100

7,515.38

+25.54 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (5)

Hang Seng

16,474.00

+168.50 (+1.03%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (1)

US Small Cap 2000

1,851.25

-4.79 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (7)

IBEX 35

10,258.10

+19.70 (+0.19%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

BASF SE NA O.N.

44.440

+0.840 (+1.93%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Bayer AG NA

32.39

+0.69 (+2.16%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

240.95

+2.20 (+0.92%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

Adidas AG

197.00

+1.72 (+0.88%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Deutsche Lufthansa AG

8.585

+0.266 (+3.20%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (6)

Siemens AG Class N

160.92

+2.18 (+1.37%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

Deutsche Bank AG

11.670

+0.100 (+0.86%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (3)

 EUR/USD1.0771↑ Buy
 GBP/USD1.2564↑ Buy
 USD/JPY147.07↑ Sell
 AUD/USD0.6554Buy
 USD/CAD1.3591↑ Sell
 EUR/JPY158.41↑ Buy
 EUR/CHF0.9419↑ Sell
 Gold2,046.20↑ Buy
 Silver24.275↑ Buy
 Copper3.7553↑ Buy
 Crude Oil WTI69.75↑ Buy
 Brent Oil74.66↑ Buy
 Natural Gas2.569↑ Buy
 US Coffee C175.85↑ Buy
 Euro Stoxx 504,483.75↑ Sell
 S&P 5004,549.34Sell
 DAX16,656.44↑ Sell
 FTSE 1007,515.38↑ Sell
 Hang Seng16,474.00Buy
 Small Cap 20001,851.25↑ Sell
 IBEX 3510,258.10↑ Sell
 BASF44.440↑ Buy
 Bayer32.39↑ Buy
 Allianz240.95Buy
 Adidas197.00↑ Sell
 Lufthansa8.585Sell
 Siemens AG160.92Neutral
 Deutsche Bank AG11.670Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,320/ 7,420
(0/ 0) # 1,451
SJC HCM7,300/ 7,420
(0/ 0) # 1,448
SJC Hanoi7,300/ 7,422
(0/ 0) # 1,450
SJC Danang7,300/ 7,422
(0/ 0) # 1,450
SJC Nhatrang7,300/ 7,422
(0/ 0) # 1,450
SJC Cantho7,300/ 7,422
(0/ 0) # 1,450
Cập nhật 07-12-2023 08:14:30
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,028.24+9.730.48%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.68024.150
RON 95-III22.99023.440
E5 RON 92-II21.79022.220
DO 0.05S20.19020.590
DO 0,001S-V21.59022.020
Dầu hỏa 2-K21.11021.530
ↂ Giá dầu thô thế giới
WTI$69.84-5.45-0.07%
Brent$74.65-5.41-0.07%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.065,0024.435,00
EUR25.474,8126.873,60
GBP29.775,3831.043,30
JPY160,24169,63
KRW15,9619,34
Cập nhật lúc 08:10:04 07/12/2023
Xem bảng tỷ giá hối đoái
XM don bay 1:1000 main right adver main right