India’s Inflation at 7.35% Exceeds All Estimates as Food Surges
Post by Admin on Tuesday, Jan 14, 2020
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India’s headline inflation surged to a more than five-year high in December, breaching the central bank’s 6% tolerance limit and will likely keep monetary policy makers in pause mode for longer.
Consumer prices rose 7.35% in December from a year earlier, the Statistics Ministry said in a statement on Monday. That’s faster than the 6.7% median estimate in a Bloomberg survey of 37 economists and the steepest gain since July 2014.
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