India’s headline retail inflation for October dropped to a 4.87 per cent, as against 5.02 per cent in September, according to the latest data released by the National Statistical Office (NSO) on Monday. The headline inflation has come back to the Reserve Bank of India (RBI)’s comfort zone of below 6 per cent. It was at 7.56 per cent in September 2022.
According to the NSO release, the price data are collected from selected 1,114 urban Markets and 1,181 villages covering all states/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster.
During the month of October 2023, the NSO collected prices from 99.8 per cent villages and 98.6 per cent urban markets while the market-wise prices reported therein were 89.0 per cent for rural and 92.0 per cent for urban.
