167 India’s retail inflation, which is measured by the Consumer Price Index (CPI), eased sharply to 11-month low of 5.88% on an annual basis in November from 6.77% in October, 2022 amid cooling global commodity prices and higher borrowing costs. The number came within the Reserve Bank of India’s (RBI) tolerance band of 2-6% for the first time this year. The Central Government has mandated the RBI to maintain retail inflation at 4% with a margin of 2% on either side for a five-year period ending March 2026. You Might Be Interested In Surge in IPOs Fueled by Investor Confidence in India Yen and JGB yields rise after BOJ pledges “greater flexibility” to yield curve control Central Bank Official Forecasts Sri Lanka Inflation to Hit 5% in Q3-Q4 Algeria’s Finance Law for 2024 EU carbon tariffs are bad trade policy Morgan Stanley and HSBC Reduce Investment Banking Jobs in Asia Amid China Deals Slowdown