Retail Inflation
October retail inflation rises marginally to 4.8 pc
New Delhi/IBNS: India’s retail inflation rate increased to 4.48 percent in the month of October 2021, data released by the Ministry of Statistics and Programme Implementation (MoSPI) revealed on November 12.
The retail inflation rate is measured by the Consumer Price Index (CPI).
The marginal rise in retail inflation during October was caused by the rise in food prices, the government data showed.
In October 2020, the CPI-based inflation was 7.61 percent while it was 4.35 percent in September 2021.
The CPI has been below the Reserve Bank's six percent margin for four consecutive months.
The Centre has told RBI to keep the retail inflation rate at four percent with an upper and lower margin of two percent on either side for five years, till March 2026.
The RBI had projected CPI inflation at 5.3 percent for 2021-22.
The central bank projected that it would be 5.1 percent in the second quarter, 4.5 percent in third, 5.8 percent in the last quarter of the fiscal, with risks broadly balanced.
The retail inflation during the April-June period of 2022-23 is projected at 5.2 percent.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
