Surge in Retail Inflation Rate

 

Surge in Retail Inflation Rate




🚨 Retail inflation has risen to 5.49% in September from 3.65% in August!


🔹 What is retail inflation rate?


It is a measure of how prices of goods and services that households buy for daily consumption change over time. It is also known as the consumer price index (CPI) inflation rate.


According to the government, this spike has been noticed mainly due to higher food prices.


The Reserve Bank of India (RBI) which kept the key short-term lending rate unchanged earlier this month, has been tasked by the government to ensure inflation remains at 4 per cent with a margin of 2 per cent on either side.


The significant surge in food prices is expected to impact household expenses with an increased pressure on essential commodities.


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