​Chapter 3: Prices and Inflation - Under Control

  • Central Government’s timely policy interventions and RBI’s policy measures, maintained retail inflation at 5.4%, the lowest since the pandemic.
  • The government announced price cuts for LPG, petrol, and diesel, keeping retail fuel inflation low in FY24.
  • In August 2023, domestic LPG cylinder prices were reduced by Rs 200, resulting in LPG inflation entering the deflationary zone.
  • Petrol and diesel prices were lowered by Rs 2 per litre, leading to deflationary retail inflation for these fuels.
  • India’s policies ensured price stability amid global uncertainties.
  • Core services inflation hit a nine-year low, and core goods inflation declined to a four-year low in FY24.
  • Core consumer durables inflation decreased ....
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