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India's June retail inflation picks up after easing of COVID-19 lockdown

Shortpedia

Content Team
Image Credit: Shortpedia

India's retail inflation picked up in June, pushed by price increases for some food and fuel items, but economists said the central bank could still ease rates because of concerns about economic slowdown caused by coronavirus induced lockdown. Annual retail inflation rose to 6.09% in June, compared to 5.84% in March, and 5.30% forecast in a Reuters poll of economists. June's inflation remained above the mid-point of the RBI's 2-6% target.