{"id":600553,"date":"2023-08-31T09:40:37","date_gmt":"2023-08-31T04:10:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=600553"},"modified":"2023-08-31T10:26:35","modified_gmt":"2023-08-31T04:56:35","slug":"lpg-price-cut-may-bring-down-september-inflation-by-upto-30-bps-analysts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lpg-price-cut-may-bring-down-september-inflation-by-upto-30-bps-analysts\/","title":{"rendered":"LPG price cut may bring down September inflation by upto 30 bps: Analysts"},"content":{"rendered":"<p>The cut in cooking gas prices by Rs 200 per cylinder, announced on Tuesday, may reduce retail inflation rate by 20 to 30 basis points (bps) in September. <\/p>\n<p>According to analysts, this move will bring inflation below the central bank\u2019s upper tolerance limit of 6 per cent. <\/p>\n<p>An analysis by Citi Research noted that LPG has a direct weight of 1.29 per cent in the consumer price index (CPI) and could indirectly impact prepared meal prices with a lag. <\/p>\n<p>\u201cThis could lower inflation by 30 bps, and along with tomato price reversal, it raises the possibility of a below 6 per cent print in September 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cut in cooking gas prices by Rs 200 per cylinder, announced on Tuesday, may reduce retail inflation rate by 20 to 30 basis points (bps) in September. According to analysts, this move will bring inflation below the central bank\u2019s upper tolerance limit of 6 per cent. An analysis by Citi Research noted that LPG has a direct weight of 1.29 per cent in the consumer price index (CPI) and could indirectly impact prepared meal prices with a lag. \u201cThis could lower inflation by 30 bps, and along with tomato price reversal, it raises the possibility of a below 6 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-600553","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/600553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=600553"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/600553\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=600553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=600553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=600553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}