Check The Data

For price levels look at core inflation, for exports note the dominance of petroleum products

Two keenly tracked monthly economic indicators, retail inflation and exports, present a mixed picture. The consumer-price index in October was 6.8%, above RBI’s threshold of tolerance but sequentially lower. The reduction in CPI, after a sequential rise in the preceding two months, was on account of food price level cooling. This should ease the pressure on RBI to frontload increases in policy interest rates to combat inflation.