
June inflation eases slightly as food prices complicate MPC decision
July inflation may ease slightly if the energy-price relief continues, but the upside risk remains food inflation, especially as food prices rose faster month-on-month in June despite the moderation in headline inflation.5 per cent year-on-year, while month-on-month food inflation rose to 3.
This indicates that food prices rose faster in June than in May, despite a slight moderation in headline inflation.
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