💨 Abstract

India's consumer inflation in February is predicted to have dropped below the Reserve Bank of India's target of 4.0% for the first time in six months, mainly due to a slowdown in food price rises. This decrease could lead to interest rate cuts, as inflation falls within the RBI's 2-6% target range. However, early summer heatwaves may cause food prices to rise again as winter supplies diminish, according to weather forecasts.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖