CPI could rise 150 bps if GST council raises rates suggested by the finance commission: Report

Indian Consumer Price Index could rise as much as 150 basis points putting pressure on the central bank, if the  GST council chooses to raise rates for many goods in line with the recommendations of the  finance commission , forecasts  Standard Chartered  Bank. Food and beverages are likely to be the major drivers since they have 45% weighting in the index.  "We estimate t…