Floods in North India Push India’s Retail Inflation at 4.8% Higher than forecast
Inflation at 4.8% is higher than our forecast of 4.5% and clearly the path ahead looks grim given the progress of monsoon and the spread across key areas in the Deccan Plateau region. The food basket is beginning to bite with inflation of 4.8% here 9 states had inflation above the average while 6 had