India's Inflation Edges Higher but Stays Below Central Bank Target Range
India's key inflation rate rose at its fastest pace in three months in December as the decline in food prices slowed, data showed on Monday, amid expectations that prices could continue inching up this year.
Annual retail inflation quickened to 1.33% in December from 0.71% in November, government data showed. A Reuters poll had projected retail inflation at 1.5%.
The print was below the Reserve Bank of India's target range of 2% to 6% for the fourth straight month.
India reported inflation of 1.44% in September last year...
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