RBI projects CPI inflation at 5.3% for 2021-22

India’s retail inflation rate, measured by the Consumer Price Index or CPI, rose mildly in October to 4.48% year-on-year from 4.35% in September due to an uptick in food prices. The inflation was 7.61% in October last year. For the fourth month in a row, CPI has been below the Reserve Bank of India’s six percent margin. The RBI has projected the CPI inflation at 5.3 percent for 2021-22.

According to MoSPI data, inflation in the food basket rose to 0.85 percent in October, compared to 0.68 percent in the preceding month.

We will be happy to hear your thoughts

Leave a reply

Gkseries.com
Logo
Register New Account