A vegetable price shock has sent India’s benchmark inflation rate to a 15-month high of 7.4% in July. The jump in headline inflation came despite a moderation in core inflation, which measures the non-food non-fuel part of the Consumer Price Index (CPI) basket. What does one make of the latest numbers? Three key takeaways; short-, […]
Tag Archives: benchmark inflation rate
India’s benchmark inflation rate, as measured by the Consumer Price Index (CPI), reached a 25-month low of 4.3% in May 2023. Coming just days after Reserve Bank of India (RBI) governor Shaktikanta Das described the 4% inflation target and not the 2%-6% range as the guiding principle of monetary policy, the latest data is indeed […]