India inflation possibly held steady at 5.90% in December: Reuters poll

BENGALURU (Reuters) - India's retail inflation held steady in December, staying within the Reserve Bank of India's consolation quarter

the second consecutive month, as moderation in food price increases was offset by part by core inflation multiplied, according to a Reuters survey of economists.

The January 49 survey of 45 economists put the consumer inflation rate at 5.90% in December from the previous 12 months,

If shown, inflation could be in the comfortable range of 2-6% of RBI for a second month, but has been above the 4% medium-term

“I'm guessing the sequential drop in food prices will likely have a dampening impact on inflation, but we're not seeing a full-blown decline since the previous meeting

Average inflation, while volatile food and energy costs are removed, is seen by banks critics of the arena as a better level of patience from rate pressures

Recently, RBI Governor Shaktikanta Das said the bank would keep up its fight against inflation even though the worst was "behind us

“We stress that monetary policy being put in place in India will be a two-step process: first bring inflation within the tolerance band

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