Inflation in India expected to come down to 5 pc in 2023 and 4 pc in 2024: IMF

Global inflation is set to fall from 8.8 percent in 2022 (annual average) to 6.6 percent in 2023 and 4.3 percent in 2024 — above pre-pandemic (2017-19) levels of about 3.5 percent, it said.