India inflation likely slowed in June as output returns – ZAWYA

  • Date: 09-Jul-2020
  • Source: Zawya
  • Sector:Economy
  • Country:UAE
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India inflation likely slowed in June as output returns – ZAWYA

India inflation likely slowed in June as output returns | ZAWYA MENA Edition HomeEconomyArticleIndia inflation likely slowed in June as output returns Infrastructure output contracted an annual 23.4% in May    A general view of Mumbai's central financial district, India June 13, 2017. Image used for illustrative purpose.BENGALURU: India's consumer price inflation likely eased in June from March, a Reuters poll predicted, as loosened coronavirus-led restrictions in most of the country drove a slight recovery in economic activity and helped reduce a supply crunch.The July 3-8 poll median of over 35 economists showed India's retail inflation in June moderated to 5.30% from March's revised 5.84%, still breaching the Reserve Bank of India's medium-term target of 4.00%.Headline inflation numbers were not released in April and May due to inadequate data collection owing to lockdown restrictions.  The July 3-8 poll median of over 35 economists showed India's retail inflation in June moderated to 5.30% from March's revised 5.84%, still breaching the Reserve Bank of India's medium-term target of 4.00%.BENGALURU: India's consumer price inflation likely eased in June from March, a Reuters poll predicted, as loosened coronavirus-led restrictions in most of the country drove a slight recovery in economic activity and helped reduce