Economic Survey : Inflation

  • The average consumer price index (CPI) inflation rate declined to 4.9% in 2015-16 from 5.9% in 2014-15.
  • CPI-based core inflation remained sticky around 5% in the 2016-17.
  • Oil prices, seen rising by one-sixth in 2017-18 over the previous fiscal 2016-17 prices which could dampen India‚Äôs economic growth.

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