Retail inflation rises to 4.48 percent in October from 4.35 percent in September

Retail inflation rises to 4.48 percent in October from 4.35 percent in September


Retail inflation rises to 4.48 percent in October from 4.35 percent in September
File PicRetail inflation based on Consumer Price Index, CPI, has risen to a three-month high of 4.91 percent in November this year. As per the Ministry of Statistics and Programme Implementation data released today, this is the fifth month that the retail inflation has remained within the RBI’s target band of 2-6 percent.

The CPI inflation in rural India stood at 4.29 percent and 5.54 percent in urban areas in the review period of last month.


The retail inflation had risen to 4.48 percent in October from 4.35 percent in September.

RBI maintains retail inflation at four percent with a margin of 2 percent on either side. After five months, the CPI data in May has overshot the Reserve Bank’s upper margin of 6 percent.

 


Source – News on air

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