India’s consumer price inflation (CPI) is projected to ease to 4.1% in February 2025, according to a Bank of Baroda report.
However, food prices may stay high due to global edible oil costs, tariffs, and rising temperatures.
The BoB Essential Commodity Index (BoB ECI) slowed to 2.4% YoY in February, mainly due to lower vegetable prices like tomatoes and potatoes.
Inflation in pulses remained controlled with better supply, while a recent milk price cut further eased overall inflation.
While global asset price volatility has had little impact, metal tariffs could increase prices. Rising temperatures in key agricultural states may disrupt crop supplies, increasing food inflation concerns.
Government measures to stabilise perishable goods prices may help, but global commodity trends and weather conditions remain key risks.
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