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13th Jul 2022 13:52Emerging Asia, Daily Monitor

Falling oil prices mean a fiscally more sustainable freeze in pump prices in India, not lower inflation.

Real relief is unlikely to come until 2023, and risks still are to the upside, from food and core prices.

The spike in industrial production growth to a year high won’t do much to strengthen the RBI’s hawks.

brent crude capacity utilisation capital goods core inflation core prices cpi cpi data credit disinflation fuel global oil prices government headline rate india industrial production industrial production growth ip June May mpc oil oil prices policy rbi recession

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