India’s inflation rate fell to a six-year low of 2.10% in June, offering policymakers in New Delhi and Mumbai a reason to celebrate. Yet in Kerala, retail inflation climbed to 6.71%, more than triple the national figure and well above the Reserve Bank of India’s 2-6% tolerance band.This divergence is not a statistical footnote. It reveals how national averages can mask distinct consumption patterns and local supply shocks.
.png)
