Intense El Nino may push inflation up by 15-20 bps: Experts

June 20, 2023

A deep deficient monsoon could push food inflation by 50-60 basis points. One basis point is one hundredth of a percent. “It will have lower than the 50 bps (0.5 percentage points) impact on headline inflation that RBI talks about as potential negative impact from adverse weather,” said Abhishek Upadhyay, senior economist, ICICI Securities PD.

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