NEW DELHI: Retail inflation fell to 6.77% in October from 7.41% in the previous month, mainly due to lower prices in the food basket, although still above Reserve Bankcomfort level for the 10th month in a row, according to government The data was released on Monday.
Consumer Price Index (CPI) retail inflation has remained above the target of 6% since January of this year.
According to the latest data released by National Bureau of Statistics (NSO), food basket inflation was 7.01% in October compared with 8.6% in September.
Retail inflation, which RBI factors while deciding on periodic monetary policy, was 4.48% in October 2021.
As the RBI was unable to ensure inflation remained at 4% with a 2% margin on either side for three consecutive quarters, it sent a report to the government detailing the reasons for the failure and the steps it is taking. performed to include CPI. target range.
Another set of data released earlier in the day showed that inflation based on the wholesale price index (WPI) fell to a 19-month low of 8.39% in October as a result of falling food prices, fuel and manufactured goods.
Consumer Price Index (CPI) retail inflation has remained above the target of 6% since January of this year.
According to the latest data released by National Bureau of Statistics (NSO), food basket inflation was 7.01% in October compared with 8.6% in September.
Retail inflation, which RBI factors while deciding on periodic monetary policy, was 4.48% in October 2021.
As the RBI was unable to ensure inflation remained at 4% with a 2% margin on either side for three consecutive quarters, it sent a report to the government detailing the reasons for the failure and the steps it is taking. performed to include CPI. target range.
Another set of data released earlier in the day showed that inflation based on the wholesale price index (WPI) fell to a 19-month low of 8.39% in October as a result of falling food prices, fuel and manufactured goods.
