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    <title>GOVERNMENT&#039;S PRUDENT MONETARY &amp; TRADE POLICY SUPPORTED BY STRONG OUTPUT GROWTH REDUCES RETAIL INFLATION TO A FOUR-YEAR LOW OF 5.4% IN FY24</title>
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    <description>Prudent coordination of fiscal and monetary policy, plus administrative supply-side measures, reduced retail and core inflation in FY24 and underpins a framework for sustaining price stability. The Survey links monetary tightening and liquidity absorption with lower core inflation, credits price adjustments and trade measures for moderating energy and food prices, and identifies interstate and rural-urban inflation differentials driven by food baskets. It recommends expanding domestic edible oil and pulse production, upgrading storage and processing, strengthening high-frequency price monitoring, and revising the Consumer Price Index using 2022-23 expenditure data.</description>
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    <pubDate>Mon, 22 Jul 2024 15:35:22 +0530</pubDate>
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      <description>Prudent coordination of fiscal and monetary policy, plus administrative supply-side measures, reduced retail and core inflation in FY24 and underpins a framework for sustaining price stability. The Survey links monetary tightening and liquidity absorption with lower core inflation, credits price adjustments and trade measures for moderating energy and food prices, and identifies interstate and rural-urban inflation differentials driven by food baskets. It recommends expanding domestic edible oil and pulse production, upgrading storage and processing, strengthening high-frequency price monitoring, and revising the Consumer Price Index using 2022-23 expenditure data.</description>
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