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Retail inflation below 4% for 1st time in 6 months
The New Indian Express Vellore
|March 13, 2025
At 3.61% in February, low CPI inflation raises hopes for another rate cut by RBI next month
BRIGHTENING the prospects of another interest rate cut by the Reserve Bank of India next month, retail inflation eased to a seven-month low of 3.61% in February, driven by a sharp decline in food prices, government data released on Wednesday showed. Notably, consumer inflation has fallen below RBI's 4% target after a gap of six months, and is the lowest since July 2024. In January 2025, retail inflation was at 4.26%.
Dit verhaal komt uit de March 13, 2025-editie van The New Indian Express Vellore.
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