{"id":5516,"date":"2023-11-14T06:26:24","date_gmt":"2023-11-14T06:26:24","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=5516"},"modified":"2023-11-14T06:26:24","modified_gmt":"2023-11-14T06:26:24","slug":"retail-inflation-declined-to-4-87-in-oct-from-5-02-in-sept-govt","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/retail-inflation-declined-to-4-87-in-oct-from-5-02-in-sept-govt\/","title":{"rendered":"Retail inflation declined to 4.87% in Oct from 5.02% in Sept: Govt"},"content":{"rendered":"

NEW DELHI: According\u00a0<\/span>to\u00a0<\/span><\/span>government\u00a0<\/span><\/a>data\u00a0<\/span><\/span>released\u00a0<\/span><\/span>on\u00a0<\/span><\/span>Monday,\u00a0<\/span><\/span>retail\u00a0<\/span>inflation\u00a0<\/span><\/span><\/a>decreased\u00a0<\/span><\/span>to\u00a0<\/span><\/span>4.87\u00a0<\/span><\/span>percent\u00a0<\/span>in\u00a0<\/span><\/span>October\u00a0<\/span><\/span>from\u00a0<\/span><\/span>5.02\u00a0<\/span><\/span>percent\u00a0<\/span><\/span>in\u00a0<\/span><\/span>September.<\/span><\/span><\/span> <\/span><\/span><\/span>In\u00a0<\/span><\/span>September,\u00a0<\/span><\/span>the\u00a0<\/span>retail\u00a0<\/span>inflation\u00a0<\/span>rate\u00a0<\/span><\/span>based\u00a0<\/span>on\u00a0<\/span><\/span>the\u00a0<\/span>Consumer\u00a0<\/span>Price\u00a0<\/span>Index\u00a0<\/span><\/span>fell\u00a0<\/span><\/span>to\u00a0<\/span>a\u00a0<\/span><\/span>three-month\u00a0<\/span><\/span>low\u00a0<\/span><\/span>of\u00a0<\/span><\/span>5.02\u00a0<\/span><\/span>percent.<\/span><\/span><\/span> <\/span><\/span><\/span>The\u00a0<\/span>Monetary\u00a0<\/span>Policy\u00a0<\/span>Committee\u00a0<\/span>(MPC)\u00a0<\/span><\/span>of\u00a0<\/span>the\u00a0<\/span><\/span>Reserve\u00a0<\/span>Bank\u00a0<\/span><\/span>moderated\u00a0<\/span><\/span>its\u00a0<\/span>forecast\u00a0<\/span><\/span>for\u00a0<\/span><\/span>CPI\u00a0<\/span>inflation\u00a0<\/span><\/span>from\u00a0<\/span><\/span>6.7%\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2022\u20132023\u00a0<\/span><\/span>to\u00a0<\/span><\/span>5.4%\u00a0<\/span><\/span>in\u00a0<\/span><\/span>2023\u201324\u00a0<\/span><\/span>during\u00a0<\/span><\/span>its\u00a0<\/span><\/span>October\u00a0<\/span><\/span>meeting.<\/span><\/span><\/span> <\/span><\/span><\/span>“The\u00a0<\/span>fight\u00a0<\/span><\/span>against\u00a0<\/span><\/span>inflation\u00a0<\/span><\/span>is\u00a0<\/span>not\u00a0<\/span><\/span>over\u00a0<\/span><\/span>yet,”\u00a0<\/span><\/span>RBI<\/a>\u00a0<\/span>governor\u00a0<\/span>Shaktikanta\u00a0<\/span>Das\u00a0<\/span><\/a><\/span>had\u00a0<\/span>declared,\u00a0<\/span><\/span>adding\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>goal\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>central\u00a0<\/span>bank\u00a0<\/span><\/span>is\u00a0<\/span><\/span>to\u00a0<\/span>maintain\u00a0<\/span><\/span>inflation\u00a0<\/span><\/span>at\u00a0<\/span><\/span>4%\u00a0<\/span><\/span>rather\u00a0<\/span>than\u00a0<\/span><\/span>between\u00a0<\/span><\/span>2-6%.<\/span><\/span><\/span> The\u00a0<\/span>RBI\u00a0<\/span><\/span>has\u00a0<\/span>been\u00a0<\/span><\/span>given\u00a0<\/span><\/span>a\u00a0<\/span>mandate\u00a0<\/span><\/span>by\u00a0<\/span><\/span>the\u00a0<\/span>government\u00a0<\/span><\/span>to\u00a0<\/span>guarantee\u00a0<\/span><\/span>that\u00a0<\/span><\/span>the\u00a0<\/span>CPI\u00a0<\/span>inflation\u00a0<\/span>rate\u00a0<\/span><\/span>stays\u00a0<\/span><\/span>at\u00a0<\/span><\/span>4%,\u00a0<\/span><\/span>with\u00a0<\/span><\/span>a\u00a0<\/span>margin\u00a0<\/span><\/span>of\u00a0<\/span><\/span>error\u00a0<\/span><\/span>of\u00a0<\/span><\/span>2%.<\/span><\/span><\/span> <\/span><\/span>When\u00a0<\/span><\/span>determining\u00a0<\/span><\/span>its\u00a0<\/span><\/span>bi-monthly\u00a0<\/span><\/span>monetary\u00a0<\/span>policy,\u00a0<\/span><\/span>the\u00a0<\/span>central\u00a0<\/span>bank\u00a0<\/span><\/span>primarily\u00a0<\/span>takes\u00a0<\/span><\/span>retail\u00a0<\/span>inflation\u00a0<\/span><\/span>into\u00a0<\/span><\/span>account.<\/span><\/span><\/span> <\/span><\/span>According\u00a0<\/span><\/span>to\u00a0<\/span>the\u00a0<\/span><\/span>government-shared\u00a0<\/span><\/span>report,\u00a0<\/span><\/span>food\u00a0<\/span>inflation\u00a0<\/span><\/span>increased\u00a0<\/span>by\u00a0<\/span><\/span>6.61%\u00a0<\/span><\/span>in\u00a0<\/span><\/span>October\u00a0<\/span><\/span>compared\u00a0<\/span>to\u00a0<\/span><\/span>6.56%\u00a0<\/span><\/span>in\u00a0<\/span><\/span>September.\u00a0<\/span><\/span>Food\u00a0<\/span>inflation\u00a0<\/span><\/span>makes\u00a0<\/span><\/span>up\u00a0<\/span><\/span>almost\u00a0<\/span>half\u00a0<\/span><\/span>of\u00a0<\/span><\/span>the\u00a0<\/span>total\u00a0<\/span><\/span>consumer\u00a0<\/span>price\u00a0<\/span><\/span>basket.<\/span><\/span><\/span> <\/span><\/span><\/span><\/span><\/span><\/p>\n

\"
Retail inflation declined to 4.87% in Oct from 5.02% in Sept: Govt<\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

NEW DELHI: According\u00a0to\u00a0government\u00a0data\u00a0released\u00a0on\u00a0Monday,\u00a0retail\u00a0inflation\u00a0decreased\u00a0to\u00a04.87\u00a0percent\u00a0in\u00a0October\u00a0from\u00a05.02\u00a0percent\u00a0in\u00a0September. In\u00a0September,\u00a0the\u00a0retail\u00a0inflation\u00a0rate\u00a0based\u00a0on\u00a0the\u00a0Consumer\u00a0Price\u00a0Index\u00a0fell\u00a0to\u00a0a\u00a0three-month\u00a0low\u00a0of\u00a05.02\u00a0percent. The\u00a0Monetary\u00a0Policy\u00a0Committee\u00a0(MPC)\u00a0of\u00a0the\u00a0Reserve\u00a0Bank\u00a0moderated\u00a0its\u00a0forecast\u00a0for\u00a0CPI\u00a0inflation\u00a0from\u00a06.7%\u00a0in\u00a02022\u20132023\u00a0to\u00a05.4%\u00a0in\u00a02023\u201324\u00a0during\u00a0its\u00a0October\u00a0meeting. “The\u00a0fight\u00a0against\u00a0inflation\u00a0is\u00a0not\u00a0over\u00a0yet,”\u00a0RBI\u00a0governor\u00a0Shaktikanta\u00a0Das\u00a0had\u00a0declared,\u00a0adding\u00a0that\u00a0the\u00a0goal\u00a0of\u00a0the\u00a0central\u00a0bank\u00a0is\u00a0to\u00a0maintain\u00a0inflation\u00a0at\u00a04%\u00a0rather\u00a0than\u00a0between\u00a02-6%. The\u00a0RBI\u00a0has\u00a0been\u00a0given\u00a0a\u00a0mandate\u00a0by\u00a0the\u00a0government\u00a0to\u00a0guarantee\u00a0that\u00a0the\u00a0CPI\u00a0inflation\u00a0rate\u00a0stays\u00a0at\u00a04%,\u00a0with\u00a0a\u00a0margin\u00a0of\u00a0error\u00a0of\u00a02%. When\u00a0determining\u00a0its\u00a0bi-monthly\u00a0monetary\u00a0policy,\u00a0the\u00a0central\u00a0bank\u00a0primarily\u00a0takes\u00a0retail\u00a0inflation\u00a0into\u00a0account. According\u00a0to\u00a0the\u00a0government-shared\u00a0report,\u00a0food\u00a0inflation\u00a0increased\u00a0by\u00a06.61%\u00a0in\u00a0October\u00a0compared\u00a0to\u00a06.56%\u00a0in\u00a0September.\u00a0Food\u00a0inflation\u00a0makes\u00a0up\u00a0almost\u00a0half\u00a0of\u00a0the\u00a0total\u00a0consumer\u00a0price\u00a0basket.  <\/p>\n","protected":false},"author":2,"featured_media":5517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13,6,67,89],"tags":[],"class_list":["post-5516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-business","category-header","category-national"],"gutentor_comment":0,"yoast_head":"\nRetail inflation declined to 4.87% in Oct from 5.02% in Sept: 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