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RBI report flags extreme weather risk to inflation
short by Shreya Sur / on Tuesday, 23 April, 2024
Extreme weather conditions may pose a risk to inflation, along with prolonged geopolitical tensions that could keep crude oil prices volatile, the Reserve Bank's April Bulletin said on Tuesday. The retail inflation based on the Consumer Price Index (CPI) has eased to 4.9% in March after averaging 5.1% in the preceding two months.
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