India’s December retail inflation is expected to have eased to its lowest since June 2017 as food costs fell and fuel prices rose at a slower pace, a Reuters poll showed, giving the central bank breathing space to keep policy on hold.
Inflation likely cooled to 2.20 percent in December – close to the lower end of the Reserve Bank of India’s medium-term target range of 2.0-6.0 percent – according to the 3-9 Jan poll of 41 economists. In November, inflation was at 2.33 percent.
“Food prices fell more in December. Which maybe just a seasonal thing, but I see that as the main factor, a potential downside factor for inflation,” said Prakash Sakpal, Asia economist at ING. Read More
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