Retail inflation, or the inflation rate for consumers, eased to a four-month low of 4.87 per cent in October even as food inflation remained broadly static at 6.6 per cent, data released by the National Statistical Office (NSO) on Monday showed. Though this marked the third month of a moderation in inflation, with the latest print, the retail inflation rate has now completed four years of remaining above 4 per cent in the 4+/- 2 per cent band of Reserve Bank of India’s (RBI) medium-term inflation target.
Food prices are still being seen as a risk to retail inflation. Consumer Food Price Index (CFPI) recorded an inflation rate of 6.61 per cent in October as against 6.62 per cent in September, which was revised up from 6.56 per cent. It had stood at 7.01 per cent in October 2022.
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