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Price pressure in food items to be transitory; global uncertainty, domestic disruption to keep inflation elevated: FinMin, ET Retail

Food Inflation: The consumer price index based retail inflation spiked to a 15-month high of 7.44 per cent in July 2023, with specific food commodities mainly driving the increase. Core inflation, however, stayed at a 39-month low of 4.9 per cent.
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