India’s giving inflation room to grow, but that may bite

India’s wholesale price index, which tracks goods at factory gates, rose almost 13% from a year earlier in January. The gauge has recorded double-digit increases for 10 straight months, even as the benchmark consumer price index, which also includes services, has only recently breached the top of the central bank’s tolerance range of 2% to 6% annual gains.

from Economy-News-Economic Times https://ift.tt/nVXRBUz
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