Cooling Inflation Aiding RBI To Prioritise Growth-centric Approach
Inflation has reported a broad-based decline over the past few months, falling from above the tolerance band in October 2024 to levels well below the apex bank’s target
Core inflation remained largely steady and contained during March-April, despite an increase in gold prices exerting upward pressure
The report states that the retail inflation is likely to rise to to 3.5 per cent in May 2025 due seasonal uptick in prices of vegetables
The Centre states that the food inflation in April 2025 was the lowest since October 2021
The report states that the wholesale inflation is also expected to have declined to 1.4 per cent in April 2025
Backed by consumption demand, the domestic economic activity is on a recovery path, allowing top bank to redirect its focus
The apex bank’s governor stated that the uncertainties regarding rabi crops have abated considerably
Food inflation fell sharply to 3.75 per cent in February from 5.97 per cent in January, reaching its lowest level since May 2023