Subdued crude prices: H2 inflation outlook more stable now
The upside risk to inflation from crude oil prices that persisted till early October seems to have ebbed. Analysts have revised estimates of inflation now to be around 5.4% for the remaining months of the financial year 2023-24.
Crude prices are expected to remain subdued amid concerns of sluggish demand from the top importers and tightening global supply at the same time.
The prices, which had touched a peak of $97 a barrel in late September and then remained volatile on the back of conflict in Israel, have now crawled back to their earlier levels of $75-$80 a barrel.
