Jaipur, December 12, 2023.
India’s retail inflation has increased to 5.55% in November after three months of decline. The reason for this is the high prices of vegetables and fruits. Retail inflation in October was 4.87%. Whereas in September it was 5.02%.
RBI’s range regarding inflation is 2%-6%. Ideally, RBI would like retail inflation to remain at 4%. In the recent monetary policy meeting, RBI had maintained the retail inflation estimate for FY24 at 5.40%.
Inflation is directly related to purchasing power. For example, if the inflation rate is 6%, then Rs 100 earned will be worth only Rs 94. Therefore, investment should be made only keeping inflation in mind. Otherwise the value of your money will reduce.