India | Softening WPI inflation in November leaves room for RBI to address slowing growth

Summary

India’s wholesale price inflation eased for a second consecutive month in November to 7.2% y/y (consensus: 7.6%) from 7.5% in October. Core inflation (manufactured non-food prices) fell to 4.5% y/y from 5.2% previously, its lowest level since March 2010.

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