July CPI eases to 3.54%, lowest in nearly 5 yrs
Rural inflation stood at 4.10%, while urban areas recorded an inflation rate of 2.98%.
Rural inflation stood at 4.10%, while urban areas recorded an inflation rate of 2.98%.
"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.
In recent months, demand-led CPI inflation has moved up a bit, while supply-led CPI inflation continues to moderate, SBI says.
Retail inflation remains above RBI's tolerance band for the fourth consecutive month, driven by high fuel and food prices.