Sectoral Equity Indices & Market Analysis
31
Percentage points
-2.0
-3.0
Feb-20
Apr-20
Jun-20
Classification - Restricted
RBI is also likely to remain focused on controlling inflation...
Inflation rate (Per cent)
13-
12-
11
10-
2 2 0 0 0 7
Inflation Expectations of Households
80
70
60
➢ ིི ཉྭ ༈ ཋ ཊུ
20
Proportion of respondents (Per cent)
50
40 냉
30
Per cent
k
in
#
CPI Inflation YoY : Projection versus Actual
6.2
6.3
7.3
5.8
6.9
Three months ahead (Median)
One year ahead (Median)
Three months ahead price increase more than the current rate
(RHS)
One year ahead price increase more than the current rate (RHS)
Source: Inflation Expectations Survey of Households, RBI.
2.0-
1.0
0.0
-1.0
MoM Chang
Base Effect
CPI Headline
Monthly Change in YoY Inflation
Why
0.5
0.3
-0.2
3.
N
04:2021-22
01:2022-23
Apr 2022 MPR path
02:2022-23*
Actuals
Projections for entire Q2:2022-23 vis-a-vis actual average inflation during
July-August 2022.
Sources: NSO; and RBI staff estimates.
Percentage points
8
00 NO in m
Contribution of Imported Inflation
17.0
RBI is likely to continue its
aggressive fight against
inflation, given the elevated
inflation exceptions of
households,
inflation
coming in higher than
RBI's projections
on a
sustained basis and risk of
5.8
imported inflation.
Confidential/Restricted
Aug-20
Oct-20
Dec-20
Feb-21
Apr-21
Jun-21
Aug-21
Oct-21
Dec-21
Feb-22
Apr-22
Jun-22
Source:- RBI
Aug-22
D
Aug-20
Oct-20
Domestically generated inflation
CPI headline inflation (y-o-y. per cent)
Jun-22
Aug-22
Imported inflation
HDFC BANK RESEARCH
Classification - Restricted
HDFC BANK
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