Feb 13, 2023, 10:03PM ISTSource: ET Now
For the common man, there is no escape from inflation. Latest data released by government showed that the retail inflation based on consumer price index (CPI) rises to 6.52% in January. The retail inflation breached RBI’s comfort zone after 3 months on the account of spike in food prices. In its bi-monthly monetary policy meet held last week, the RBI projected consumer inflation to be at 6.5% in the fiscal year 2023 and 5.3% for the fiscal year 2024.