ET Commentary

Why India should worry about inflation inflammation

Why India should worry about inflation inflammation
Agencies

For a country targeting becoming the third-largest economy by GDP in the next decade, its citizens are finding it increasingly hard to eke out a living. If not corrected, aspirations will diminish, along with ambition.

Synopsis

Post-pandemic, the average Indian has watched their savings get eroded by inflation. Consumer confidence, over time, will be hit by such trends, leading to consumers reducing purchases to balance their household budget. With economic forecasts globally highlighting a global recession, is our economy resilient enough?

By , ET CONTRIBUTORS
6 mins read, Last Updated:
Despite the latest drop in consumer price index (CPI)-based inflation released on Monday - slipping below the 7 per cent mark for the first time in three months to 6.77 per cent in October - retail inflation remains above RBI's tolerance band of 2-6 per cent, having reached a 5-month high of 7.41 per cent in September. Some price inflation will ease over time, as the November crop improves supply. However, such volatility in food prices makes it

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