New Delhi: retail inflation According to the data released by the government on Monday, the Consumer Price Index (CPI) rose to 4.91 per cent in the month of November.
Inflation figure in the month of October was recorded at 4.48 percent.
The Reserve Bank of India (RBI) primarily influences retail inflation when it comes to its bi-monthly policy.
The Reserve Bank’s Monetary Policy Committee (MPC) has been tasked by the government to control retail inflation based on the Consumer Price Index (CPI) to 4 per cent (+,-2 per cent).
According to experts, high inflation last year has kept the price hike this year low as compared to a year ago.
However, this is expected to subside as mobile phone bills and prices for clothing are set to rise, leading to inflation again.
In its bi-monthly monetary policy meeting last week, the RBI had projected retail inflation to be around 5.3 per cent during the current fiscal.
RBI Governor Shaktikanta Das had said that inflation is expected to reach 5 per cent by the first quarter of the next financial year.
The Reserve Bank kept its key repo rate (the rate at which it lends money to banks) unchanged at 4 per cent, while remaining “adjustments” needed to revive and sustain growth on a sustainable basis.
Inflation figure in the month of October was recorded at 4.48 percent.
The Reserve Bank of India (RBI) primarily influences retail inflation when it comes to its bi-monthly policy.
The Reserve Bank’s Monetary Policy Committee (MPC) has been tasked by the government to control retail inflation based on the Consumer Price Index (CPI) to 4 per cent (+,-2 per cent).
According to experts, high inflation last year has kept the price hike this year low as compared to a year ago.
However, this is expected to subside as mobile phone bills and prices for clothing are set to rise, leading to inflation again.
In its bi-monthly monetary policy meeting last week, the RBI had projected retail inflation to be around 5.3 per cent during the current fiscal.
RBI Governor Shaktikanta Das had said that inflation is expected to reach 5 per cent by the first quarter of the next financial year.
The Reserve Bank kept its key repo rate (the rate at which it lends money to banks) unchanged at 4 per cent, while remaining “adjustments” needed to revive and sustain growth on a sustainable basis.
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