The last time headline retail inflation came in lower than the Reserve Bank of India s medium-term target of 4 percent, COVID-19 was yet to take off in China
Retail inflation in India moderated to 6.83 per cent in August, offering relief to the Reserve Bank of India (RBI) and bond investors. However, experts remain cautious due to factors such as rising crude oil prices, poor monsoon, and risks to food inflation beyond vegetables.