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Retail Inflation up to 4.4% on costlier food, transport
India's retail inflation reached 4.4% in June, surpassing the central bank's target. Higher food and transport costs drove this increase, marking the highest print under the new CPI series. Food inflation accelerated to 5.3%, crossing the five percent mark for the first time. Core inflation moderated to 3.9%, partly due to falling gold and silver prices. Economists anticipate the Reserve Bank of India will maintain its current policy rate.
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thehindubusinessline.com
Retail inflation likely to have breached 4% mark in June
Retail inflation is projected to exceed 4% in June, driven by rising food costs and global fuel price impacts.
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newsbytesapp.com
India's inflation likely to cross 4% mark
India's June CPI is projected at 4.24%, exceeding the Reserve Bank of India's 4% target for the first time in 18 months, following a recent fuel price hike.
