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Retail sales declined by 11.1% y/y in April
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China retail sales down by 6.7% y/y in May 2022

Retail sales declined by 11.1% y/y in April
Despite the drop, inflation still remained a full percentage point above RBI's upper target band
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Headline inflation in India eases to 7.0% in May 2022

Despite the drop, inflation still remained a full percentage point above RBI's upper target band
All the 8 components of the CPI basket recorded elevated prices in May
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China consumer price index up by 2.1% y/y in May 2022

All the 8 components of the CPI basket recorded elevated prices in May
The decision comes on the back of a multi-decadal high global inflation
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India’s policy rate climbs to 4.9% p.a. as Monetary Policy Committee hikes rate

The decision comes on the back of a multi-decadal high global inflation
The US fell to its lowest level since August 2020, decreasing by 7.5 points m/m to 93.3
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CEIC Leading Indicator for the US drops sharply in May

The US fell to its lowest level since August 2020, decreasing by 7.5 points m/m to 93.3
This brings India’s total GDP growth for FY2022 to 8.7% y/y, 0.2pp below the government’s estimate of 8.9% y/y
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India’s real GDP moderates to 4.1% y/y in Q1 2022 (Q4 FY2022)

This brings India’s total GDP growth for FY2022 to 8.7% y/y, 0.2pp below the government’s estimate of 8.9% y/y