Rising crude and fertiliser costs, combined with weaker monsoon forecasts, could drive food and fuel inflation higher and complicate RBI’s growth-inflation balancing act.The crisis in West Asia has resulted in a rise in crude oil prices, severely affecting many energy-dependent economies in Asia. India is no exception, and the effects are visible in the monthly inflation numbers. However, apart from global factors, domestic factors are also likely to pose upside inflationary risks. Here, we examine the impact of the external shocks so far and the potential risks arising from domestic factors.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers
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West Asia war, weak monsoon may push up prices in India despite RBI relief
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