Rise in global commodities a threat even as easing local vegetable prices cool inflation: RBI bulletin

September 19, 2023

The Reserve Bank of India has warned of risks to the Indian economy due to rising crude oil prices, which are currently above $90 per barrel. While retail inflation has been brought down by lower vegetable prices, the report highlights the challenge posed by high oil prices. However, economists expect inflation to continue slowing in September, driven by further corrections in vegetable prices.

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