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Inflation to average at 5% in FY'18: Crisil

Inflation to average at 5% in FY'18: Crisil

Wednesday, April 5, 2017, 8:17 PM

CPI inflation is likely to average higher at 5% in the current fiscal on expectations of increasing pressure on food prices as well as uptick in global oil and commodity rates, says a Crisil report. Consumer price index (CPI)-based inflation averaged 4.6% in the first 11 months of 2016-17 and could be about 4.7% for the entire fiscal ended March 31, 2017.
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