Inflation in India eased by 0.02 per cent to touch 11.89 per cent

Inflation in India has reduced to a very small extent. It reduced by just 0.02 percent to touch 11.89 per cent. This inflation data is for the week ended July 12.

This very small decline was mainly due to prices of many essential items remaining static and prices of few items declining marginally.

It looks like the rate hikes measures that were previously taken by the Reserve Bank of India has tamed the inflation.

The government of India is happy as inflation has been tamed to some extent.

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