India is the canary in the global inflation coal mine

Global inflation has been climbing back for months. Indiaβs June print β 4.38%, up from 3.93% in May and above every forecast β isnβt a shock out of nowhere. Itβs the sharpest data point yet in a trend that started well before this weekβs Gulf escalation, and it shows how bad this could get elsewhere [β¦]
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