CPI inflation likely to moderate to 5% in Dec from 5.5% in Nov: Bank of Baroda Report

India's CPI inflation may moderate to 5% in December 2024 from 5.5% in November due to sharp declines in vegetable prices, particularly tomatoes, onions, and potatoes, driven by improved mandi arrivals. Favorable global factors and stable edible oil prices further support this trend. However, potential inflationary pressures from domestic currency depreciation need monitoring.