Retail inflation falls to record low in new series

RBI might still opt to hold repo rate: Experts

The Consumer Price Index (CPI)-based inflation declined to a record low of sub-three per cent in the new series. However, economists said, the central bank’s monetary policy committee (MPC) might still hold the repo rate in its review next month.
 
Retail inflation dropped to 2.99 per cent in April against 3.89 per cent in March, on lower rate of price rise in food items, including pulses and vegetables. The inflation had stood at 5.47 per cent in April 2016.
 
The Central Statistics Office (CSO), which releases the data on Friday, has revised upwards March inflation to 3.89 per