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India's retail inflation
Context
India's retail inflation slightly dropped to 5.09% in February compared to 5.10% in the previous month, according to data released by the Ministry of Statistics & Programme
Implementation.Reasons behind high numbers
- Geopolitical events and their influence on supply chains, along with the volatility in international financial markets and commodity prices, are 'key sources' of upward risks to inflation.
- The collective impact of policy repo rate increases is still making its way through the economy.
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