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Bank of Baroda forecasts India's inflation will fall to 5% by December, driven by cheaper vegetables.
Bank of Baroda predicts India's CPI inflation will drop to 5% in December 2024, down from 5.5% in November, due to lower vegetable prices, particularly tomatoes, onions, and potatoes.
Improved supply and stable global edible oil prices are also contributing to the moderation.
However, currency depreciation could lead to higher imported inflation.
Despite some increases in other food items, overall trends suggest easing price pressures.
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Bank of Baroda pronostica que la inflación de la India caerá al 5% en diciembre, impulsada por verduras más baratas.