In September, what was the retail inflation rate in India?
5.2%
2023 October
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3.75/5 |
According to the Consumer Price Index (CPI), retail inflation in India decreased to 5.02% in September, a three-month low. Additionally, the inflation fell below the 2%–6% upper tolerance band set by the RBI. The RBI has made it clear that it is aiming for 4% inflation, and that it may not be willing to lower lending rates in response to inflation that is less than 6%.
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