Single digit Inflation: Bumpy road ahead
CBI’s latest stats shows the mean inflation rate fell under 10% after 68 months and stamped single digits. P to P rate is also on its decade low: 6.8%. It seems the administration stayed on the promise, yet the question is to what cost.
CPI came to 240.9 in June, however the opposition insists that there is only a recession left to deal with. It is noteworthy to express that nations like Venezuela, contrary to a deep depression, are struggling with even three digit inflation.