India`s retail inflation rose to 5.69% in December
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India's annual retail inflation rose to 5.69% in December from 5.55% the previous month, government data showed on Friday.
A Reuters poll of 56 economists had forecast a rate of 5.87%.
COMMENTARY:
RADHIKA RAO, SENIOR ECONOMIST, DBS BANK, SINGAPORE
"Food inflation is optically higher on the year ago on base effects, though sequentially pressures have eased, along with a benign core reading."
"Average inflation for the quarter is below the Reserve Bank of India's December projection, providing comfort to the policy committee, with rates likely to be kept on hold in the first half of 2024."
