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Retail inflation moderated to 6.83% in August after reaching a 15-month high of 7.4% in July, driven by food prices. The Reserve Bank of India (RBI) and government officials have expressed concerns about high inflation and are taking steps to bring it within the RBI s comfort zone. Despite efforts to stabilize prices, S&P Global Ratings believes that inflation will remain elevated in the near term ....
India s retail inflation rose from 5.7 per cent in December 2022 to 6.4 per cent in February 2023 on the back of higher inflation in cereals, milk and fruits and slower deflation in vegetables prices ....
The India Development Update by World Bank stated that the country's retail inflation will see a moderation from 6.6 per cent to 5.2 per cent in FY2023-24. ....