India’s inflation likely to hit seven-month high in June
Posted on Thursday 8th July, 2021 by Ankit
India’s retail inflation probably hit a seven-month high in June on rising food and fuel prices, which remained above the Reserve Bank of India’s comfort zone for the second month in a row, a Reuters poll showed. While several states in India have eased restrictions imposed to contain the coronavirus, supply-side bottlenecks remain and high taxes on petroleum products continue to put upward pressure on inflation.
Source: Economics TimesEconomy