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Union Bank of India predicts retail inflation will hit a six-year low of 3% due to lower food prices.
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.
April's retail inflation fell to 3.16%, and core inflation rose slightly to 4.18% due to low base effects.
Weak demand and stable prices of most commodities are expected to keep inflation under control.
The Reserve Bank of India considers 2-6% as a manageable inflation range.
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El Union Bank of India predice que la inflación minorista llegará a un mínimo de seis años del 3% debido a los precios más bajos de los alimentos.