India’s inflation rises less than expected in December as food prices remain soft

SUMMARY

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  • India's Dec CPI at 1.33%, below 1.62% estimate; up from 0.71% MoM.
  • Food prices drive softer inflation; vegetables down 18.47%, pulses -15.09%.
  • Rural inflation up to 0.76%, urban rises to 2.03%; core inflation firming.
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