Inflation Targeting
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Inflation Targeting
Context: The Reserve Bank of India (RBI) has decided to stop raising interest rates for inflation-targeting. What is Inflation? Inflation is defined as increase in prices of goods and services over a period of time. Inflation reduces purchasing power of currency. Types...
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Last updated on April 17th, 2023 10:51 am -
Inflation Targeting
Inflation Targeting in India Highlights It is below the 7% mark for the first time in three months and only the second time since April’s eight-year high mark of 7.8%. Wholesale price inflation has dropped to 8.3% in October. Favourable...
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Published On November 18th, 2022
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