Retail inflation eases to four-month low of 4.87 pc in Oct
Cooling prices of food items has eased retail inflation to a four-month low of 4.87 per cent in October, government data showed on Monday
Team RuralVoice
Cooling prices of food items has eased retail inflation to a four-month low of 4.87 per cent in October, government data showed on Monday.
The Consumer Price Index (CPI) based retail inflation fell to a three-month low of 5.02 per cent in September.
The previous low inflation was recorded at 4.87 per cent in June.
The Reserve Bank's Monetary Policy Committee (MPC), in its October meeting, projected CPI inflation at 5.4 per cent for 2023-24, a moderation from 6.7 per cent in 2022-23.
The government has tasked the RBI to ensure the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side. The central bank mainly factors in the retail inflation while arriving at its bi-monthly monetary policy.
