Expect retail inflation to remain close to 5%: SBI Research report

India's retail inflation is projected to stay under 5.0 per cent for the rest of 2024-25, aside from September, as per SBI Research. June saw an increase in inflation to 5.08 per cent, led by higher food costs. States like Odisha, Bihar, and Karnataka had inflation rates surpassing the national average. SBI Research anticipates the RBI to reassess its policy stance around September due to declining US inflation potentially prompting a rate cut.
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