India's retail inflation likely slowed to a three-month low in July, bringing it back within the central bank's target range, on falling food prices and an easing of supply chain disruptions, a Reuters poll found.
eased to 5.78% last month from 6.26% in June.
"There's a material drop in edible oil and palm oil prices after tariff reductions and global oil price volatility has eased as well," said Rajni Thakur, chief economist at RBL Bank. A deadly second wave of coronavirus infections in April and May led to many states reimposing lockdowns, constraining supply chains and leading to a spike in inflation.
"While a recovery in economic activity is slowly gaining traction from the bottom of May slack remains in the economy and uncertainty around the pandemic is still quite high, even with a gradual improvement in the pace of vaccination between June and July," Kapur said.India's infrastructure output
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Nearly One Million Jobs Added In July: Will The Delta Variant Derail The Growth?In an impressively positive jobs report, United States employers added 943,000 jobs in July. The unemployment rate dropped to 5.4%, signaling the economy is improving.
Weiterlesen »
Assessing the U.S. Climate in July 2021(5 of 5) SEE: U.S. map of July 2021 Significant Climate Events from NOAANCEIclimate StateOfClimate monthly report. Download the map at: ClimateScience ClimateChange
Weiterlesen »
30 Of The Funniest Tweets About Married Life (July 28-August 9)'The cashier was flirting with my husband and I'm upset cuz I thought she was gonna give us free chips or something.'
Weiterlesen »
Covid-19: Joy for Scottish clubbers and Sheeran and Jagger join India fundraiserFive things you need to know about the coronavirus pandemic this Monday evening.
Weiterlesen »
Olympic gold medalist Chopra returns to India as superstar“I feel very happy that I am getting so much respect.” Olympic gold medalist Neeraj Chopra was given a rousing welcome when he arrived home in India after winning the men’s javelin event in Tokyo, securing India’s first track & field gold.
Weiterlesen »