Soaring vegetable prices may tip India's delicate inflation balance
A steeper-than-expected surge in the prices of vegetables, especially tomatoes, over the past few weeks could push India's retail inflation towards 5.5% in the July-September quarter, at least three economists said. However, if the spike in vegetable prices sustains, it could push July inflation towards 6%, said Gaura Sen Gupta, an economist at IDFC First Bank.
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