Retail inflation eases to 5% in September
During the month under review, the retail inflation in rural areas stood at 5.33% as against 7.02% in August this year.
During the month under review, the retail inflation in rural areas stood at 5.33% as against 7.02% in August this year.
SBI Research also pointed out that if tomato prices continue to increase, CPI based inflation – retail inflation – will touch 6%, which is the upper tolerance limit of the Reserve Bank of India.
This CPI-based inflation has remained within the Reserve Bank of India's (RBI) target limit of 4% to 6% for the third straight month.
It’s factually incorrect that industrial concentration power dictates pricing capacity; India’s “core inflation” is rising more in goods, says SBI Research