Constrained supplies of milk and wheat, coupled with a volatile international crude oil market with OPEC+ countries deciding to cut crude oil production from May 2023 are factors that may, going forward, influence the inflation trajectory in India, Ministry of Finance's Monthly Economic Review report put out on Tuesday noted.
The slowing of global growth, accompanied by pressures from deglobalisation and supply chain disruptions, has also moderated global trade, says the report, , inflation