The consumer price index (CPI) pulled down by sharp fall in food prices, official data showed here on Monday. The May retail inflation rate fell, even as compared to April when it prevailed at a higher rate of 2.99 per cent
TCA Anant, the Central Statistical Organisation’s chief statistician said that the change has been taken into consideration with current consumer basket and it reflects consumption patterns. “Entities more relevant to data collection have been included,” he said
The Reserve Bank of India takes into account retail inflation while deciding on its key lending rate. Inflation remains a key concern for policy makers and it has decelerated sharply to 3.88 per cent in September compared with 5.91 per cent in August
A Bhartiya Janata Party worker was murdered on Wednesday in the state, a day after the murder of a Communist Party of India (Marxist) CPI(M) worker allegedly by BJP and RSS workers.The police has suspected it to be a case of retaliation.