Prices and Inflation: Successful Tight-Rope Walking
Introduction In India, Consumer price inflation went through three phases in 2022. A growing phase up to April 2022, when it crested at 7.8 %. A holding pattern at around 7.0 % up to August 2022. A decline to around 5.7 % by December 2022. Reasons The rising phase was due to the Russia-Ukraine war….