India's rising home prices, rentals a new inflation threat
Housing has turned sticky and is being watched closely for indications of second-order effects, a senior official aware of the Reserve Bank of India's (RBI) thinking said. Urban housing inflation rose to 4.47% year-on-year in December 2022, versus 3.61% in the same period a year ago and 3.21% in December 2020, data from the Ministry of Statistics and Programme Implementation showed.
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