NEW DELHI, Aug 28: India’s inflation slowed for the first time in a month but remained stuck at 13-year highs and economists said they expected another round of monetary tightening to tame prices.
Annual inflation slipped to 12.40 per cent for the week ended August 16 from 12.63 per cent, helped by a softening of world crude prices, according to the Wholesale Price Index, India’s most-watched cost-of-living monitor.
The drop represented “early signs of moderation” in prices, the finance ministry said in a statement.—AFP
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