Budget 2024: RBI's CPI-based inflation targeting under lens
If we target inflation based on CPI and seasonal factors and decide policy rates of interests accordingly, we are bound to make mistakes.
If we target inflation based on CPI and seasonal factors and decide policy rates of interests accordingly, we are bound to make mistakes.
This headline rate has remained below 5% for three consecutive months since March 2024.
The final leg of this disinflation journey may be tough, says RBI governor Shaktikanta Das
The ministry said the prices of clothing, footwear, housing, household goods and services, health, education have come down in the last eleven months.
CPI inflation softens to a nine-month low.
The wholesale inflation in food index increases to 4.69% in November 2023 from 1.07% in October 2023
Rural inflation rose to 6.09% in November as against 5.12% in October
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
Index of Industrial Production (IIP) grew 1.1% in March.