India’s benchmark inflation measure, the Consumer Price Index (CPI), grew at 6.8% in August, lower than the 7.4% print in July but higher than the 6% upper limit of RBI’s tolerance band. Wholesale prices, as measured by the Wholesale Price Index (WPI), contracted by 0.5% in August, making it the fifth consecutive month of contraction. […]
Tag Archives: Consumer Price Index (CPI)
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Jun
Jun
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 […]