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Retail Inflation

Kumari Sonali

Retail Inflation:

India’s retail inflation eased to a three-month low of 5.1% recently.

  • Retail inflation, also known as Consumer Price Index (CPI)inflation, tracks the change in retail prices of goods and services which households purchase for their daily consumption.
  • CPI is calculated for a fixed basket of goods and services that may or may not be altered by the government from time to time.
  • The change in the price index over a period of time is referred to as CPI-based inflation or retail inflation.
  • CPI is calculated as a percentage.
  • It is a comparison of the general price level in the markets in a particular time period from a time frame in the past.
  • This is known as the base year.

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