Mumbai: SBI Research put out a report with a cool finding about India's retail inflation. Guess what? If you take gold out of the stuff we use to measure prices (CPI), inflation could be negative for the next couple of months. That means prices might actually drop a bit!
Last October, India's inflation was super low at just 0.25 percent. This was because veggies, beans, spices, fruits, oils, and fats got cheaper. Read Also Wholesale Price Inflation Falls To 27-Month Low Of -1.21% In October, Led By Sharp Deflation In...
Gold's Crazy Impact on Inflation
So, gold prices shot up, making personal care and effects inflation jump to a wild 57.8 percent! But, without gold, the main inflation number goes down to -0.57 percent. Regular inflation stayed about the same in October, but take out

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