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Buyers buy products at the upscale Hypermarket Lulu located at the Lulu International Mall in Kerala, India, May 25, 2022.
Nurphoto | Nurphoto | Gets the image
In July, inflation in India continued easily, decreasing by the ninth month to 1.55%, below the analytics estimate, showed the government’s data on Tuesday.
As of June 2017, since June 2017, since June 2017, the emergence of inflation headlines has decreased to reduce food prices. Economists estimated on July 1.76%.
Food inflation, which is a key component of the consumer price index, came by -1.76%, lower than -1.06% in June.
Reading inflation occurs after the Indian Reserve Bank was 5.5%last week. The IRB stated that the prospect of inflation on the financial year ending March 2026, “became more benign than expected,” adding that it happened from the healthy sowing of autumn crops, as well as convenient buffer food reserves.
The Central Bank predicts inflation of 3.1% for the financial year.
On Tuesday, IPC reads a place for a more free monetary policy to attract the economy of India as it is fighting with trade tensions, exacerbated by US President Donald Trump’s President.
India faces tariffs A total of 50% by the end of this month. In addition to “mutual” duties of 25%that are already in force, The White House has Another 25% of the tariffs that came into force in India for the purchase of oil in Russia have been charged in India.
Both countries were recorded in the war as a result of Trump’s period on August 7, and the US president accused New Delhi of financing the war in Russia in Ukraine and India Calling both US and European Trade Union with Russia.
India’s economic growth came Better than expected For the quarter, which ended in March, increasing 7.4% a year and sharply higher than the growth forecast of 6.7% economists in the Reuters survey. IRB forecasts GDP growth by 6.5% over the year ending March 2026.
