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Economists tracking July headline inflation estimate that inflation may further be pushed down to a sub-2 percent number (1.8-1.9 percent), with prices of cereals, pulses, and fruits easing further. This will allow the RBI to revise downwards its forecast on inflation for the upcoming quarters in the August policy.
Aditi Nayar, Chief Economist at ICRA said Q2FY26 (she expects) inflation print to materially undershoot the MPC’s current forecast of 3.4 percent amid the benign outlook for July 2025 (1.9 percent), which is likely to prompt the MPC to cut its FY26 CPI inflation projections further from the current 3.7 percent.

Economists tracking July headline inflation estimate that inflation may further be pushed down to a sub-2 percent number (1.8-1.9 percent), with prices of cereals, pulses, and fruits easing further. This will allow the RBI to revise downwards its forecast on inflation for the upcoming quarters in the August policy.
Aditi Nayar, Chief Economist at ICRA said Q2FY26 (she expects) inflation print to materially undershoot the MPC’s current forecast of 3.4 percent amid the benign outlook for July 2025 (1.9 percent), which is likely to prompt the MPC to cut its FY26 CPI inflation projections further from the current 3.7 percent.

Economists tracking July headline inflation estimate that inflation may further be pushed down to a sub-2 percent number (1.8-1.9 percent), with prices of cereals, pulses, and fruits easing further. This will allow the RBI to revise downwards its forecast on inflation for the upcoming quarters in the August policy.
Aditi Nayar, Chief Economist at ICRA said Q2FY26 (she expects) inflation print to materially undershoot the MPC’s current forecast of 3.4 percent amid the benign outlook for July 2025 (1.9 percent), which is likely to prompt the MPC to cut its FY26 CPI inflation projections further from the current 3.7 percent.