BoB's Essential Commodity Index dips 0.4%

InflationCorrection in vegetable prices, seasonal drop in prices and arrival of fresh crops have contributed to a favourable inflation outlook.

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Early on this year, the drop in inflation will be more pronounced, already visible in major high frequency price data of January 2024.

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Onion prices have fallen by 14.8 per cent in December 23 from a 56.2 per cent increase in November 23.

Source: freepik