The government on Wednesday asked the Reserve Bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five years ending March 2031. To control the price rise, the government in 2016 gave a mandate to the RBI to keep the retail inflation at 4 per cent with a margin of 2 per cent on either side for five years ending March 31, 2021. Subsequently, in March 2021, the government maintained the same target. This is the second time the government has retained the inflation target. The central government, in consultation with the Reserve Bank, hereby notifies the inflation target for the period beginning April 1, 2026, and ending on March 31, 2031, a gazette notification issued by the Department of Economic Affairs dated March 25 said. According to the notification, the inflation target is 4 per cent with an upper tolerance level of 6 per cent and a lower tolerance level of 2 per cent. India adopted the inflation-targeting framework and formall
India's retail inflation rose to an 11-month high of 3.21% in February as food prices and precious metals gained
CPI inflation increased by 47 basis points year-on-year in February, data showed
Food deflation and bullion-led inflation offset each other in January, but net impact of top items lifted retail inflation to 2.75% from 1.33% in December
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At 2.75%, January price rise well below RBI's target of 4%
Officials stressed that the December number under the old series and the January print are not comparable
India's new CPI series reflects changing consumption patterns, digital services and better data, marking a major step forward in measuring inflation accurately
India's retail inflation gauge has evolved from fragmented worker-specific indices to a unified CPI framework that now anchors monetary policy and welfare decisions
Kerala's retail inflation hit 9.49% in December, topping all states for the seventh straight month, driven by soaring coconut oil, gold prices and rural cost pressures
CPI-food inflation peaked at 16.12 per cent in April 2018, while the lowest reading was recorded in April 2019
Gold inflation soared to 68.66 per cent, while silver witnessed a spike of 97.07 per cent amid festival demand
December 2025 CPI-based inflation: The increase in headline inflation is mainly attributed to an increase in the prices of items across personal care, vegetables, meat and fish, egg, and pulses
Food deflation eases to -3.91%, rural inflation turns positive at 0.10%, but gold & silver surge above 58% keeps core elevated
November CPI-based inflation: The food inflation in November stood at -3.91 per cent, marking an increase from -5.02 per cent in October
ADB has sharply raised India's FY26 growth forecast to 7.2% on stronger consumption post tax cuts, while inflation estimates have been lowered as prices soften and demand strengthens
The asset management company is looking to expand into smaller towns and cities where a growing number of investors are looking to funnel their savings into Indian stocks, Chief Executive Officer said
Economists' projections ranged from 0.5 per cent on the lower end to 1 per cent, with the median projection at 0.7 per cent
ICICI Bank has increased senior citizen retail deposit rates to 7.2% for deposits below Rs 3 crore, even as policy rates soften and loan growth outpaces deposit mobilisation across the banking sector
In rural India, retail prices slipped into deflationary zone with the NSO reporting a 0.25 per cent drop in the CPI (Rural), compared to a 1.07 per cent increase in September