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LATEST NEWS UPDATES | India’s retail inflation on steady rise on the back of high food prices, may inch up to 7.3% -Lalit Kumar

India’s retail inflation on steady rise on the back of high food prices, may inch up to 7.3% -Lalit Kumar

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published Published on Oct 6, 2022   modified Modified on Oct 11, 2022

-Financial Express

The numbers projected in Barclays report are the result of an uptick in prices of staples such as cereals, pulses, vegetables, spices, and dairy. As a result, the food inflation could rise to 8.5 per cent on-year in September, the report added.

Buoyant food prices may drive India’s retail inflation to 7.3 per cent on-year in September – 30 basis points higher than that in August, according to a forecast released by Barclays. If so, this will be the ninth consecutive month when the inflation rate remained above RBI’s inflation target band of 4 per cent with +/- 2 per cent variation. The numbers projected in Barclays report are the result of an uptick in prices of staples such as cereals, pulses, vegetables, spices, and dairy. As a result, the food inflation could rise to 8.5 per cent on-year in September, the report added.

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Financial Express, 6 October, 2022, https://www.financialexpress.com/economy/indias-retail-inflation-on-steady-rise-on-the-back-of-high-food-prices-may-inch-up-to-7-3/2702452/


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