Inflation likely to remain under control as crude oil and urea prices drop, says Govt
India's inflation is expected to stay "relatively" under control over the next few months, according to the Finance Ministry's monthly review for June. The report noted, "Recent easing in global commodity markets, a correction in crude oil prices, and softening of key input prices such as urea may help moderate imported inflationary pressures." Meanwhile, retail inflation, calculated using the Consumer Price Index, rose to 3.93% in May.
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