Mint Quick Edit | What RBI must be tracking as flickers of inflation arise and a war rages on
But what matters are upcoming readings, which will lose a favourable base effect just as the Iran war turns energy prices volatile. Crude oil prices have already soared past $100 a barrel and could rise further to stoke fuel prices up all around, with even administered prices under upward pressure from enlarged import bills. Dearer energy tends to feed general inflation.
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