Chennai, July 13 (TIWN) The State Bank of India (SBI) expects the inflation in India to be about five per cent by March 23.

In a research report, the SBI also said the 7.01 per cent consumer price index (CPI) inflation announced by the Indian government on Tuesday for June 2022 confirms the fact that the peak point has passed.     

According to the SBI report, CPI inflation attributable to supply side factors started moving up after September'21 while demand led CPI remained more or less constant.