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Thursday, October 12, 2023

Retail inflation cools to 5.02% in September, back within RBI's comfort zone

The retail inflation for September dipped to 5.02% from 6.83% in July owing to further easing of prices of vegetables, data released by government showed.With this, the inflation has now again come within the Reserve Bank of India's comfort zone threshold of 6% after two straight months of breaching it. In July, the inflation had skyrocketed after a sharp prices in prices of food, especially tomatoes, across the country.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Y7sgFC5

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