Slight relief on inflation front, retail inflation rate decreased to 5.02 percent in September
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ANI
Inflation has returned to the Reserve Bank’s comfortable level of below 6 per cent after a gap of two months. Inflation based on the Consumer Price Index (CPI) stood at 6.83 percent in August and 7.41 percent in September 2022.
Retail inflation fell to a three-month low of 5.02 in September mainly due to falling food prices, according to government data released on Thursday. Inflation has returned to the Reserve Bank’s comfortable level of below 6 per cent after a gap of two months. Inflation based on the Consumer Price Index (CPI) stood at 6.83 percent in August and 7.41 percent in September 2022. The previous low was in June this year when the reading was 4.87 percent.
Retail inflation has again come within the Reserve Bank’s satisfactory range after a gap of two months. The Reserve Bank has the responsibility of keeping inflation at four percent with a variation of two percent. According to the data, due to falling prices of food products in September, food inflation came down to 6.56 percent whereas in August it was 9.94 percent. RBI mainly looks at retail inflation in its bi-monthly monetary policy review.
Retail inflation eases to 5.2% in September as compared to 6.83% in August, as per Government of India
— ANI (@ANI) October 12, 2023
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