The State Bank of India believes CPI inflation may remain elevated and may hover above the central bank’s forecast of 4.5 per cent in FY25, a bank newsletter said.
Domestic growth momentum is strong and GDP is expected to come above 7 per cent in Q1 FY25.
CPI inflation eased to almost a five-year low of 3.54 per cent in July compared to 5.08 per cent in June