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3 Numbers: India's deflation fears; US jobless, consumer comfort index
Does the recent struggle with deflation in India lay the groundwork for another interest rate cut? Meanwhile, the crowd will be looking closely at today’s US economic updates after yesterday’s disappointing numbers on retail spending in April. Today’s data includes the weekly releases on initial jobless claims and Bloomberg’s Consumer Comfort Index. India: Wholesale Price Index (06:30 GMT) Is deflation tightening its grip on Asia’s third-largest economy? The question remains topical in the wake of the recent run of negative annual comparisons for the country’s influential Wholesale Price Index (WPI), ... (full story)