India’s services industry saw activity increase at the fastest pace in six months during the final month of 2022 amid robust demand, fuelling business optimism despite high costs, a private-sector survey showed. | Reuters
“Inflation trends were mixed, as input prices rose at a faster pace and the upturn in charges moderated.”
This could elevate India’s retail inflation which eased to 5.88 percent in November, below the top of the Reserve Bank of India’s target band of 4 percent-6 percent for the first time in 2022.
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