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Inflation risks remain skewed to upside on higher commodities' prices
TIWN
TIWN
PHOTO : TIWN
New Delhi, July 6 (TIWN) Inflation risks for 2021 remain skewed to the upside, especially core readings, on higher commodities' prices, said DBS Group in a research report.
Accordingly, the report cited higher commodities' prices, rigidity in fuel taxes and idiosyncratic factors apart from a likely return in demand impulses as growth gains traction.
"A normal monsoon and strong domestic production are expected to cool non-imported food pressures beyond the seasonal swings."
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