Inflation

Inflation in India

  • India's retail inflation has fallen to a 25-month low of 4.25% in May 2023, according to the latest data released by the Ministry of Statistics.
  • This is the third consecutive month that the consumer price index (CPI) based inflation has stayed within the Reserve Bank of India's (RBI) target range of 2-6%.

Types of Inflation

  • Consumer Price Inflation (CPI): This measures changes in the prices of a basket of goods and services consumed by urban and rural households. It is a key indicator of retail inflation.
  • Wholesale Price Inflation (WPI): This tracks changes in the prices of ....
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Indian Economy