But for global shocks, India’s inflation will moderate in 2023. Even if commodity prices were to stay flat, WPI inflation will be significantly low. Flat energy prices and reduced aggression in core price hikes imply CPI inflation could soften to ~5%. Food inflation still entails pockets of uncertainty.
Global Market Today: Asia stocks edge higher, oil up amid Gulf confusion
Asian share markets followed Wall Street higher after a soft US jobs report. Oil prices increased slightly due to stalled Gulf peace talks and shipping