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- This once a week round-up brings you the most up to date tales from the globe of economics and financing.
- Top economic climate tales: Indian inflation leaps; Global home wide range drops; Dutch economic climate goes into economic crisis.
1. India’s inflation strikes 15-month high
India’s annual retail inflation hit a 15-month high in July, driven by increasing veggie and grain costs.
Inflation increased to 7.44% throughout the month, up greatly from 4.87% in June, placing it at its highest degree because April 2022.
Food inflation, which makes up around half of the overall customer basket, leapt to 11.51% in July– up from simply 4.49% inJune
“The spurt in CPI inflation in July 2023 was on expected lines, however, 7.44% retail inflation was totally unexpected,” Devendra Pant, a financial expert at India Ratings, informedReuters
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