{"id":3314,"date":"2024-06-14T00:07:30","date_gmt":"2024-06-14T00:07:30","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=3314"},"modified":"2024-06-14T00:07:30","modified_gmt":"2024-06-14T00:07:30","slug":"nso-data-on-retail-inflation-and-iip","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/nso-data-on-retail-inflation-and-iip\/","title":{"rendered":"NSO Data on Retail Inflation and IIP"},"content":{"rendered":"

As per IMF, Indias retail relaxed in September 2021, reducing to a five-month low. This was because of favourable comparison with year 2020 and moderating food prices that offset an increase in the cost of crude oil & fuel.<\/p>\n

Consumer price inflation decreased sharply to 4.35% in September 2021 as compared to 5.3% in August. This was the third consecutive month within the Tolerance<\/a> band of Reserve Bank Of India<\/a> (RBI).<\/p>\n

In September 2020, Consumer Price Index-based (CPI<\/a>) inflation was 7.27%.<\/p>\n

According to NSO Data, inflation in food basket relaxed to 0.68% in September 2021, significantly decreased by 3.11% as compared to August.<\/p>\n

Government has tasked the Reserve Bank of India (RBI) to keep CPI-based inflation at 4%, with a tolerance band of 2% on both the sided. RBI usually factors in CPI-based inflation while launching its bi-monthly Monetary Policy<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

As per IMF, Indias retail relaxed in September 2021, reducing to a five-month low. This was because of favourable comparison with year 2020 and moderating food prices that offset an increase in the cost of crude oil & fuel. Consumer price inflation decreased sharply to 4.35% in September 2021 as compared to 5.3% in August. … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[839],"class_list":["post-3314","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-15-10-21"],"yoast_head":"\nNSO Data on Retail Inflation and IIP - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/nso-data-on-retail-inflation-and-iip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSO Data on Retail Inflation and IIP\" \/>\n<meta property=\"og:description\" content=\"As per IMF, Indias retail relaxed in September 2021, reducing to a five-month low. This was because of favourable comparison with year 2020 and moderating food prices that offset an increase in the cost of crude oil & fuel. Consumer price inflation decreased sharply to 4.35% in September 2021 as compared to 5.3% in August. ... 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This was because of favourable comparison with year 2020 and moderating food prices that offset an increase in the cost of crude oil & fuel. Consumer price inflation decreased sharply to 4.35% in September 2021 as compared to 5.3% in August. ... 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