India’s retail inflation drops to 4.87% in October
The retail inflation has remained within the RBI's target band of 2-6% for the second month straight
The retail inflation has remained within the RBI's target band of 2-6% for the second month straight
Retail inflation falls to 7.02% in rural areas from 7.63% in July, while it drops to 6.59% in urban areas from 7.20% in previous month
Economists point out to the rural stress and high inflation having a bearing on the consumption story in the economy.
Consumer price inflation has grown at a higher rate in the rural areas compared with the urban areas for seven consecutive months since December last year.