Impact of El Nino confirmed; Not only the weather but also the market will trouble you, know what was said in the report?

El Nino Impact: There is a 90 percent chance of El Nino occurring during June-August and continuing at least till November. The level of water reservoirs in the country is generally high, and along with this the figures of arrival of vegetables are also satisfactory.

Increasing possibility of El Nino

According to a report, it will be known in the coming days whether the supply situation is such that it will be able to handle the changes in the prices of vegetables and fuels or not. Economist Dipanvita Majumdar has said that the CPI inflation rate in the year 2027 is likely to be between 5.2 to 5.5 percent. It is also being estimated that El Nino will have some impact on the price of crude oil.

Due to which the price of crude oil is likely to be around 90 to 100 dollars. The inflation rate in May 2020 remained at 3.9 percent. Which according to BOB’s research was less than 4.1. But now in April it had increased to more than 3.5. The main reason for this inflation was the rapid increase in the prices of food items and fuels. The inflation rate on food items has already increased to 4.8 percent.

Increase in transport related inflation rate

According to a report, due to the recent increase in petrol and diesel prices, the inflation rate related to transport has also increased and also affects the inflation rate of accommodation services. According to a report, due to the recent increase in petrol and diesel prices, the inflation rate related to transport has also increased and also affects the inflation rate of accommodation services.

Excluding food items and fuel, the inflation rate has increased to 3.9 percent. Please tell. BOB Research sees the impact of inflation on the back of rising fuel prices and the possibility of weather-related uncertainties, especially El Nino, impacting food prices.

Also read: Gold-Silver Rate Today: Huge jump in gold and silver prices in India, know the latest price in your city

Increase in input costs for companies

Let us tell you that in case of rising prices of food items, the impact of rising fuel prices and freight costs may increase in future. He said that the risk of increase in core inflation rate may increase even more. Due to stagnant demand, companies and customers are facing the burden of increase in input costs.