Retail inflation is expected to remain significantly lower in the coming financial year

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Mumbai: The Center for Monitoring Indian Economy (CMIE) has predicted that retail inflation in the country, which is 5.40 percent in the current financial year, will come down to 4.30 percent in the next financial year i.e. 2024-25.

The Reserve Bank has estimated inflation at 4.50 percent for the next financial year. Inflation stood at a nine-year high of 6.70 percent in FY 2022-23.

Inflation fell to 5.10 percent in January from 5.70 percent in December 2023.

Low food inflation without disrupting the supply of vegetables like tomato, potato and onion is important.

Food and beverages inflation is expected to decline significantly to 3.40 percent in the next financial year as compared to 7.10 percent in the current financial year. In financial year 2022-23, this rate was 6.70 percent.

Inflation of clothing and footwear is also expected to remain low. However, in terms of accommodation, the trend is being reversed. Housing inflation in the next financial year will be 4.50 percent which will be the highest since the financial year 2019-20.

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