The country’s consumer price inflation is now “stable” and within the official tolerance band of 2% and 6%, Finance Minister Nirmala Sitharaman conveyed to the Lok Sabha on Monday, attributing the weakening price rise pressures largely to a steady drop in core inflation.
“India’s retail inflation has declined from an average of 7.1% in April-October 2022 to 5.4% in the corresponding period of 2023. The core inflation [that excludes food and energy costs] has declined from 5.1% in April 2023 to 4.3% in October 2023,” the Minister said in response to a starred question from MP Sushil Kumar Rinku on retail inflation “increasing steeply”.
Editorial | Little succour: On Consumer Price Index data
