 "Retail inflation galloped to a 14-month high of 6.2 per cent in October, spurred by a spike in food prices, thus breaching the upper threshold of the Reserve Bank of India's (RBI) target range. This sharp increase apparently extinguishes any remainin")
Consumer price index (CPI)-based retail inflation is likely to have cooled further in April, remaining below the 4 per cent target of the Reserve Bank of India (RBI) for the third consecutive month.
The decline in inflation is expected on account of easing prices across various goods categories, especially food items.
This potentially opens another window for the RBI's monetary policy committee (MPC) to consider further repo rate cuts in its upcoming bi-monthly review meeting in June.
In March, retail inflation stood at 3.34 per cent — the lowest since August 2019.
The National Statistics Office (NSO) will release the
