Inflation moderation also supported by core prices

Summary

Consumer prices declined by 0.27% in June in contrast to the market call of a slight rise by 0.1%. The data proved to be more positive thanks to the improvement in core inflation backed by the fall in auto prices. Annual inflation fell to 10.9% from 11.7% in May with favorable base impact on food inflation, slight withdrawal in core prices and plummeting energy prices.

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