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  title  Market News Updates
CPI Plunges to 4.06% on softer food pricesPosted on: 15/02/2021 6:02 pm
The headline inflation eased sharply to a 16 month low as prices of key food prices like vegetables plunged sharply in January. However, core inflation continues to remain sticky at 5.50% as cost push pressures remain rampant in the economy. Inflation faces upside risk as the current flare up in crude oil prices may exacerbate prices pressures in the economy.