by ANI
The Tribune India
New Delhi [India], March 13 (ANI): The outlook for core inflation remains positive despite some upward pressure from rising industrial metal prices, according to ICICI Bank Global Markets report.
Core inflation edged higher in February, mainly due to a surge in gold prices, but the stabilization of global edible oil prices and expectations of a normal monsoon suggest a favourable food inflation trend in the coming months.
However, uncertainties persist as food prices could be influenced by global market movements, including tariffs imposed by various countries and fluctuations in fertilizer costs.
Domestically, the demand-supply outlook remains balanced, supported by a high base effect, which should help keep food inflation moderate in the next year.