India’s retail inflation eases marginally to 4.75% in May
This headline rate has remained below 5% for three consecutive months since March 2024.
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
Despite a fall in CPI inflation, food inflation in April 2024 surged to a four-month high at 8.70%
"Overall, the second-round effects of food and fuel inflation on headline have become subdued, especially after the adoption of flexible inflation targeting (FIT) in India," says the apex bank.
CPI inflation softens to a nine-month low.
The month-on-month change in the WPI index for February 2024 was 0.07% compared to January 2024.
Food price inflation, however, continued its upward trajectory, rising to 8.66% in February, from 8.3% in January.
The Indian economy continues to sustain the momentum achieved in the first half of 2023-24, going by high-frequency indicators, write RBI economists
The headline inflation had moderated to an average of 5.5 per cent during April-December 2023 from 6.7% during 2022-23
Central bank’s statistical model expects retail inflation to moderate to 4.8% in FY25 from 5.3% in FY24