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NEW DELHI- Economists expect the country’s retail price inflation to exceed 7 percent in June, according to a Reuters forecast.
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Retail price
It is also stated that: In the forecast held from the 4th to the 8th, 42 economists have expressed their opinions. In it, retail price inflation in June may exceed the Reserve Bank’s target and may be more than 7 percent i.e. 7.03 percent. It is rising very fast in two years.
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Headline inflation has moderated somewhat after the government cut taxes on petrol and diesel and imposed restrictions on food exports. However, most economists point to continued uncertainty over the medium term, citing higher vegetable prices last month as temperatures soared. Also, due to the drought in the northern states, the government has reduced the wheat production estimates.
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