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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"CPI inflation is expected to remain below or close to 5.0 per cent in the remaining months, except for Sep'24 and October 2024," the report says
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