 "MPC and Inflation: Tracking non-food retail inflation trends in India | Economy & Policy News")
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Core inflation declined to 4.38 per cent in 2023-24 from over 6 per cent in the previous two years. It further came down to 3.22 per cent in the first four months of FY25.
Amid a debate on the basis of a monetary policy stance, one may be curious enough to know how non-food retail inflation has behaved over the years in India.
Let the eager souls catch a glimpse of facts. In the past 10 years, non-food inflation came down below 4 per cent on two occasions — pre-Covid period of 2019-20 and now in the first four months of the current financial year (FY25). It remained a tad above 4 per cent during 2023-24. It touched the peak of 6.65 per cent a year before. It was also quite
