In the throes of economic dynamism, India finds itself at the intersection of contrasting forces, with its annual retail inflation surging to a four-month high in December.
Wholesale inflation in India reached a nine-month high of 0.73% in December, compared to 0.26% in the previous month. However, experts predict that wholesale inflation will remain range-bound around 1% for the rest of the fiscal year due to continued easing in global commodity prices.
While retail inflation accelerated to a four-month high of 5.69 percent in December, industrial growth slumped to 2.4 percent in November – the lowest in eight months.
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