Inflation in India: Inflation has started decreasing in India, RBI is confident that the macroeconomic situation has started improving.

Relief has started coming on the inflation front in India. In the month of September, retail inflation once again came within the limits of the Reserve Bank, while the wholesale inflation rate remained below zero. Meanwhile, now the Reserve Bank has also admitted that relief has started on the inflation front and due to this, the macroeconomic situation of the country is improving.

Reserve Bank said these big things

< p>The Reserve Bank talked about issues like inflation and economic situation in a latest article on Thursday. The Central Bank has clearly said in the article that even though the pace of global growth has started slowing down from the third quarter i.e. September quarter, the macroeconomic conditions in India have improved and the biggest reason for this is the relief being provided in the country on the inflation front. .

Retail inflation has come down to this much.

Let us tell you that the rate of retail inflation came down to 5.02 percent in the month of September. Difficulties in the matter of retail inflation had increased when the upward trend had returned again after April and retail inflation had reached a new peak in July. However, after that there was rapid improvement and now retail inflation is again within the limits of the Reserve Bank. The Reserve Bank has set an upper limit of 6 percent and a lower limit of 2 percent for retail inflation.

This was the situation of inflation

Earlier in July 2023, retail inflation The rate had reached 7.44 percent. Inflation based on Retail Price Index i.e. CPI was 6.83 percent in August 2023, whereas a year ago, in September 2022, the rate of retail inflation was 7.41 percent. The Reserve Bank keeps retail inflation in mind while deciding the repo rate. Currently, overall retail inflation has come down due to low food inflation.

Article has come in the latest bulletin

According to the State of the Economy article published in the latest bulletin of RBI, high frequency indicator It is being said that momentum has started building on a large scale in India. Capital dependent industries have started gaining momentum due to maximum utilization of capacity and reducing the level of debt. There is less volatility in the Indian rupee. Inflation has improved compared to the peak level in July. Overall, macroeconomic conditions are improving.

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