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 ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy October 2023 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Indian Economy