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flag Union Bank of India predicts retail inflation will hit a six-year low of 3% due to lower food prices.

flag Union Bank of India predicts retail inflation in India will drop to a six-year low of 3% in May, mainly due to lower food prices. flag April's retail inflation fell to 3.16%, and core inflation rose slightly to 4.18% due to low base effects. flag Weak demand and stable prices of most commodities are expected to keep inflation under control. flag The Reserve Bank of India considers 2-6% as a manageable inflation range.

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