Food inflation to moderate in months ahead: Finance ministry report
Wednesday, 21 February 2024
Retail inflation has eased to a three-month low of 5.1% in Jan due to a moderation in food and core inflation (minus food and fuel). The report said prospects of healthy rabi harvesting, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in FY25. The RBI has forecast GDP growth at 7% for the current fiscal year while the govt expects it to be 7.3%.
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