
India’s retail inflation drops to 4.87% in October
The retail inflation has remained within the RBI's target band of 2-6% for the second month straight
The retail inflation has remained within the RBI's target band of 2-6% for the second month straight
During the month under review, the retail inflation in rural areas stood at 5.33% as against 7.02% in August this year.
Negative rate of wholesale inflation primarily attributed to fall in prices of mineral oils, basic metals, chemical & chemical products, textiles, and food products
Retail inflation falls to 7.02% in rural areas from 7.63% in July, while it drops to 6.59% in urban areas from 7.20% in previous month
Global supply chains are under pressure, which along with rising global commodity prices have contributed to “multi-decadal high inflation” in 2022, says Shaktikanta Das
It may be noted that headline retail inflation in the economy spiked to 7.4% in July 2023, with specific food commodities mainly driving the increase.
In July 2023, though growth prospects have been strong, inflationary pressures have "re-emerged", says the finance ministry in the latest monthly economic review
Headline inflation is expected to average well above 6% in the second quarter, says RBI
The year-on-year inflation rate for vegetables surged to 37.34% in July
The month of July has witnessed accentuation of food inflation, primarily on account of vegetables, says Shaktikanta Das