Posted 1/10/2024, 10:41:40 AM
Inflation Likely to Remain High in December, Putting Pressure on Households
- Retail inflation data for December expected to show prices rising over 6% again, dashing hopes of RBI reversing its monetary stance
- Inflation remained above RBI's target of 4% throughout Modi's second term so far
- To assess real economic position, compare salary growth to inflation over same period
- Prices up 32% since 2019 and 64% since 2014 under Modi government
- Ask if your salary has kept pace, rising 32% since 2019 and 64% since 2014