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India inflation accelerates to 4.38% in June as food and energy rise
The latest reading marked the eighth straight month of higher inflation in India, with food and energy prices boosted by the Iran war and deficient rainfall.
India’s inflation accelerated to 4.38% in June, exceeding forecasts, according to CNBC World and CNBC Economy.
The report said inflation has increased for the eighth consecutive month, driven by rising food and energy prices.
CNBC cited the Iran war and deficient rainfall as key contributors to higher food and energy costs.
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