Inflation may come down, expected to remain at the lowest level of nine months, know how much the rate will be

Retail Inflation In November 2022 : Good news may come soon on the front of Retail Inflation in the country. Retail inflation figures are expected to be released by the central government next week. Retail inflation may come down to 6.40 percent in the month of November. If this happens then it will be the lowest level of the last 9 months. Earlier in February it was 7.9 percent.

what is survey

According to media reports, economists have claimed in the survey that the inflation rate will come down mainly due to softening in the prices of food items. It was 6.77 percent in the month of October. Inflation based on retail prices (CPI) has remained above the RBI’s comfortable range of 6 per cent so far this year. However, it is less than the 5-month high of 7.41 per cent in September.

Ukraine war increased trouble

According to the survey, due to the Russia-Ukraine war, inflation had gone up to a record level all over the world. Food prices alone account for 40 per cent of retail inflation in India. The survey has predicted a fall in the inflation rate for the second time in a row.

Inflation can remain so much

Robert Carnell, ING’s head of Asia, says that we will continue to see inflation falling. Food prices and vegetable prices have come down. JP Morgan’s economist says that the average inflation rate between October 2022 and March 2023 could be 6.5 percent.

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What is CPI inflation

The goods that families buy for their daily use. Inflation based on the Consumer Price Index (CPI) tracks changes in the retail prices of goods and services. To measure inflation, it is estimated that what is the percentage increase in CPI during the same period last year.

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