India will continue to face inflationary pressures in near term: Report

As per government data, retail inflation had increased to 6.09 per cent in June, mainly on account of higher prices of food items

The Indian economy is likely to face inflationary pressures in the near term, as factors like supply chain disruption and lack of low-wage workers are expected to offset the deflationary pressures from subdued demand in the economy, says a report.

According to Dun & Bradstreet's latest Economy Forecast, inflationary pressures are building up both from the demand and the supply side.

Dun & Bradstreet expects the Consumer Price Inflation (CPI) to have increased from 5.7 per cent to 5.9 per cent during July 2020.

As per government data, retail inflation had increased to 6.09 per cent in June, mainly on