IANS | 30 Nov, 2023
India's retail inflation slowed to a four-month low of 4.87 per cent
in October from 5.02 per cent in September, bringing respite to
consumers.
The falling inflation level is also coming closer to
the RBI's 4 per cent target that would trigger a cut in interest rates
to spur growth.
Lower core inflation, which excludes food and
energy prices. Food inflation, which accounts for nearly half of the
overall consumer price basket, was 6.61 per cent in October, little
changed from an upwardly revised 6.62 per cent in September.
The
sharp decline in edible oil prices continued during the month. However,
prices of pulses and spices rose by 18.79 and 22.76 per cent,
respectively.
