India Celebrates: Inflation Hits 6-Year Low!

India Celebrates: Inflation Hits 6-Year Low!
India Celebrates: Inflation Hits 6-Year Low! (Image via original source)

Good News for Indian Households: Inflation Drops to 6-Year Low!

India is breathing a sigh of relief as retail inflation eased to a six-year low of 3.16% in April. This welcome news means that prices for everyday essentials have cooled down significantly compared to last year.

The Reserve Bank of India (RBI) has been aiming for an inflation rate of 4% in the long run

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