Retail

Retail Inflation Came at 6 Months High of 6.3%

The tremendous rise in retail inflation has increased the tensions of RBI (Reserve Bank of India). The simultaneous rise in the prices of protein-rich items & Edible oils has increased the Retail inflation to 6.3%. Central Government asked the RBI to keep the inflation at 4 % and a margin of 2% on either side. There is a continuous rise in the Wholesale Price Index and Consumer Price Index by 12.94% and 4.23% respectively. The previous surge in Retail prices was at 6.93%.