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The Consumer Price Index (Combined) inflation for October 2021 printed higher at 4.5% as compared to the reading of 4.4% in the previous month.     Headline WPI inflation for October 2021 printed at 12.5%, significantly higher than 10.7% recorded in September 2021     IIP growth for September 2021 printed at 3.1% as against the reading of 12% in August 2021, on a year on year basis.     In the Fourth Bi-monthly Monetary Policy for FY22, the RBI Monetary Policy Committee unanimously decided to maintain status quo on policy rates. MPC continued with the state-based forward guidance. All members, except Prof. Jayanth R. Varma, voted to continue with the accommodative stance as long as necessary to revive and sustain growth on a durable basis and continue to mitigate the impact of COVID-19 on the economy, while ensuring that inflation remains within the target going forward.     Real gross domestic product for Q1FY22 noted a growth of 20.1% on a year on year basis, largely due to favorable base as GDP contracted by a massive 24.4% in Q1FY21. However, GDP contracted by 16.9% on a quarter on quarter basis and by 9.2% from Q1FY20 levels.     
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