Retail inflation likely to ease in coming months: Finance ministry

India’s consumer price index (CPI)-based inflation could ease in the coming months thanks to the arrival of kharif crops, lower international commodity prices, and a pass through of lower input costs to consumers, the finance ministry said in its Monthly Economic Review (MER) for October, which was released on Thursday.

The MER, however, warned that the global macroeconomic situation remained precarious and a recession in many advanced economies would impact India’s exports.

“Easing international commodity prices and new Kharif arrival are set to dampen inflationary pressures in the coming months. Going forward, the current retail inflationary pressures are expected to