Sonal Varma, Managing Director and Chief Economist (India and Asia ex-Japan), Nomura, anticipates moderation in India's CPI, potentially falling below RBI's target. Food inflation might enter the deflation stage, with core inflation also easing. RBI's FY26 inflation projection could be overshot. Global trade tensions impact inflation differently, with disinflation expected in India. US inflation data is also keenly awaited, especially core CPI, amidst tariff pressures and labor market concerns. What is your own outlook on today's (August 12, 2025) CPI release? What would be the factors in play and would we see an easing off from the previous month too?