The Daily Brief India’s Inflation is Cooling Down… But There’s a Catch!
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Feb 17, 2025 India's inflation rate has softened to an impressive 4.3%, sparking discussions on the factors driving this positive shift. Simultaneously, gold prices are soaring, enticing investors in search of stability amid economic uncertainties. The episode intricately examines how these trends could shape India's economy and influence global markets.
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Cooling Inflation
- India's January 2025 CPI inflation cooled to 4.3%, lower than expected.
- This drop is largely attributed to decreased food prices, especially vegetables, aided by a good harvest.
Food Prices and Inflation
- Food prices significantly influence India's CPI, with food and drinks seeing slower growth in January.
- However, edible oil prices rose by 15.6% due to lower planting and import costs.
Gold's Ascent
- Gold prices surged to record highs, increasing over 11% in 45 days.
- This rise is partly driven by increased demand in India and China, key consumers of gold jewelry.