Tag: drops

India’s retail inflation drops to 4.31%

India’s retail inflation drops to 4.31% Context: India’s retail inflation dropped to a five-month low of 4.31% in January 2024, pushed by a decline in meals inflation. Relevance:GS-03 (Financial system) Key Highlights: Retail inflation fell to 4.31% in January from 5.22% in December, whereas meals inflation slowed for the third consecutive month to six%. Inflation