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India’s retail inflation eases to 3.54% in July, lowest in five years
India's retail inflation eases to 3.54% in July, lowest in five years
Live Mint, 12 Aug : India's retail inflation eased to 3.54% year-on-year in July, according to government data released on Monday, benefiting from a high base effect. The inflation rate has dipped below the Reserve Bank of India's medium-term target of 4 percent for the first time in almost five years.
In June, the rate increased for the first time in five months, rising to 5.08 percent year-on-year, driven by higher food prices. By July 2023, retail inflation had reached 7.44 percent.
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