The apex bank’s governor states that Inflation is gradually trending down, but the pace is slow and uneven. The durable alignment of inflation to the target of 4 per cent is still some distance away
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This decline in the Consumer Price Index (CPI) marks the first time in half a decade that CPI inflation has dipped below the Reserve Bank of India's (RBI) target of 4 per cent, a feat largely attributed to a steep fall in vegetable prices
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Food inflation remains the biggest headache for the apex bank as it slows the process of disinflation. With a weight of around 46 per cent in the CPI basket, the food inflation contributed to more than 75 per cent of the headline inflation in May and June
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Spice inflation softened for the tenth straight month to 2.1 per cent from 4.3 per cent
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