New Delhi, Jan. 31 -- Tighter monetary policy regimes across the globe and supply chains adapting to economic uncertainty has resulted lower inflation approaching Central bank target levels, says the Economic Survey, tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on Friday, but pointed out that risks of "synchronized" price pressures persist.
Synchronized inflation is when the inflation rates of multiple countries are closely aligned and it can be a sign that the country's economy is closely linked to other countries' economy.
"Inflation rates across economies have trended downward steadily, approaching central bank target levels. This has been the result of tighter monetary policy regimes across the globe and suppl...