India’s Inflation Eases Below 6% for the First Time in 2022
- Falling commodity prices, high interest rates help tame prices
- RBI has raised borrowing costs by 225 basis points this year
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India’s retail inflation slowed below 6% for the first time in 2022 amid cooling global commodity prices and higher borrowing costs, providing reprieve for policymakers.
The consumer price index rose 5.88% from a year earlier, according to data released by the Statistics Ministry on Monday. That’s slower than a median estimate for a 6.35% gain in a Bloomberg survey of economists, and compares to the 6.77% pace in October.