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For Fiscal 2021, CRISIL Projects CPI Inflation At 6.4%

Rating agency CRISIL has projected CPI Inflation at 6.4% for fiscal 2021. “After eight months above the Reserve Bank of India (RBI’s) target band of 2-6%, Consumer Price Index (CPI) inflation was finally back in range, declining for the second straight month to a below-consensus 4.6% in December, from 6.9% in November. Average CPI inflation during April-December now measures 6.6%, down from the April-November average of 6.9%,” the rating agency has said. According to CRISIL, not only did CPI inflation fall on-month, aided by a massive decline in food prices, but the high base effect of last year also helped pull down headline inflation.

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