Core inflation fully shorn of elements subject to externally-driven volatility has held steady since June at an average 5.09%
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The consumer price index (CPI) for September shows inflation in India at a comfortable 4.35% year-on-year (y-o-y). But there were dark mutterings about how core inflation was continuing to ride high at 5.89% and that therefore the Indian inflation beast, shorn of exogenously affected food and fuel, needed taming.
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