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SUPER NUMBERS - INDIA INFLATION DATA COMES AT 3.54%
The annual consumer inflation rate in India fell sharply to 3.54% in July of 2024 from 5.08% in the earlier month, well below market expectations of 3.65%, to mark the softest increase in consumer prices since August 2019.
It was the first time the inflation rate fell below the RBI’s target of 4% in nearly five years, although the sharp decline was largely owed to large base effects in food prices
Swamy economics in Tailspin
The annual consumer inflation rate in India fell sharply to 3.54% in July of 2024 from 5.08% in the earlier month, well below market expectations of 3.65%, to mark the softest increase in consumer prices since August 2019.
It was the first time the inflation rate fell below the RBI’s target of 4% in nearly five years, although the sharp decline was largely owed to large base effects in food prices
Swamy economics in Tailspin
SUPER NUMBERS - INDIA INFLATION DATA COMES AT 3.54%
The annual consumer inflation rate in India fell sharply to 3.54% in July of 2024 from 5.08% in the earlier month, well below market expectations of 3.65%, to mark the softest increase in consumer prices since August 2019.
It was the first time the inflation rate fell below the RBI’s target of 4% in nearly five years, although the sharp decline was largely owed to large base effects in food prices
Swamy economics in Tailspin
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