This monthly indicator is still experimental and can be volatile from month to month, so some caution is required. But the year-ended inflation rate showed a welcome decline from 8.4 per cent in December to 7.4 per cent in January.
The benefits of technology in improving efficiency and reach of the financial system, as well as the concomitant benefits for economic growth and financial inclusion call for a systematic nondisruptive adoption and encouragement of such technology in the financial system.