Vegetable prices skyrocketed, life of common people became easier, inflation reached 5 percent in September

According to NSO data, the inflation rate in the country has reduced significantly. According to the data, the country's retail inflation has fallen below the upper band of RBI's tolerance level of 6 percent. In the last two months, there has been a decline of more than two percent in retail inflation.

The country has got a big relief on the inflation front. Inflation in the country has come down to 5.02 percent in the month of September. This means that retail inflation has fallen below the upper limit of the tolerance band of RBI. Which is a news of relief. Earlier it was being estimated that the country may see a decline in inflation rate in the month of September. At the same time, food inflation has also seen a decline of more than 3 percent in the month of September as compared to August.

According to NSO data, there has been a decline of 181 basis points in retail inflation in the month of September. Due to which the inflation figure has come down to 5.02 percent. According to August data, retail inflation was at 6.83 percent. Earlier in the month of July this figure was 7.44 percent. This means that in two months there has been a decline of more than two percent in the retail inflation rate.

Earlier, the Reserve Bank of India has not made any change in its monetary policy with the inflation estimate of 5.4 percent for the financial year 2024. RBI has increased the inflation estimate to 6.4 percent in the second quarter. The inflation rate in the third quarter may be 5.6 percent. Whereas in the fourth quarter the inflation rate has been maintained at 5.2 percent. Whereas in the first quarter of financial year 2025, the inflation rate may be 5.2 percent.