? Cool Title, but what’s the news?

Retail inflation in the country fell below the Reserve Bank of India’s (RBI’s) medium-term target of 4% last month.

? Okay, but what does it mean?

The inflation as measured by the consumer price index (CPI) eased to a 10-month low of 3.69% in August 2018, on the back of a decline in the prices of food products such as vegetables, pulses and sugar even as fuel prices increased. Within the index, food and beverage category inflation fell to 0.85% as compared with 1.73% in July 2018. This was driven by a sharp decline in prices of fruits, vegetables, eggs, pulses and sugar and confectionery products.

? Why should I care?

However, fuel and light inflation stood at 8.47% in August, up from 7.96% in July. An inflation rate of 3.5% (+/- 1%) is considered healthy for the economy. And in a phase where the Indian rupee is depreciating heavily, this healthy inflation rate is an effect that is keeping your pockets slightly deeper. Source: The Hindu
Click to download sqrrl app


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.