Inflation’s seven-month rise will likely show signs of slowing even as it appears to have hit a new nine-year high in August, the Finance department said on Monday.
“The inflationary momentum is easing as shown by the forecast deceleration in the month-on-month price change to 0.38 percent from 0.51 percent last month, even as the year-on-year change is projected to hit 5.9 percent,” it said in an economic bulletin issued ahead of Wednesday’s release of official inflation data.
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