shot-button
Ganesh Chaturthi Ganesh Chaturthi
Home > News > India News > Article > Retail inflation hits four month low at 487 pc in October

Retail inflation hits four-month low at 4.87 pc in October

Updated on: 14 November,2023 05:37 AM IST  |  New Delhi
Agencies |

The previous low inflation was recorded at 4.87 per cent in June.

Retail inflation hits four-month low at 4.87 pc in October

In June low inflation was at 4.87 per cent. Representation pic

The retail inflation eased to a four-month low of 4.87 per cent in October, mainly due to cooling prices of food items, government data showed on Monday. The Consumer Price Index (CPI) based retail inflation fell to a three-month low of 5.02 per cent in September. The previous low inflation was recorded at 4.87 per cent in June.


The Reserve Bank’s Monetary Policy Committee (MPC), in its October meeting, projected CPI inflation at 5.4 per cent for 2023-24, a moderation from 6.7 per cent in 2022-23. The government has tasked the RBI to ensure the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side. The central bank mainly factors in the retail inflation while arriving at its bi-monthly monetary policy.


This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Register for FREE
to continue reading !

This is not a paywall.
However, your registration helps us understand your preferences better and enables us to provide insightful and credible journalism for all our readers.

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK