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Inflation to fall below RBI’s 6% upper tolerance from November: Morgan Stanley

IndiaTimes Thursday, 17 August 2023
Retail inflation in India rose sharply in July to 7.44 per cent and in the process breached RBI's 6 per cent upper tolerance target, largely due to a sharp spurt in vegetable, fruit, and pulses prices.
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News video: India's retail inflation surges to 15-month high of 7.44%, breaches RBI's tolerance level |World DNA

India's retail inflation surges to 15-month high of 7.44%, breaches RBI's tolerance level |World DNA 02:10

 In July, retail inflation in India experienced a significant upswing, reaching 7.44%, marking the highest rate since April 2022. This surge contrasts with the preceding four-month period of inflation below the central bank’s 6% tolerance threshold.

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