Retail inflation fell to a four-month low of 4.87 percent in October, mainly due to cooling food prices, government data showed on Monday.
Consumer price index (CPI)-based retail inflation fell to a three-month low of 5.02 per cent. in September.
The previously low inflation was recorded at 4.87 per cent. in June.
The Reserve Bank’s Monetary Policy Committee (MPC) at its October meeting forecast CPI inflation at 5.4 percent for 2023-24, a slowdown from 6.7 percent in 2022-23.
The government has tasked the RBI to ensure that CPI inflation remains at 4 percent with a margin of 2 percent on either side. The central bank mainly considers retail inflation while arriving at its monetary policy every two months.
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