Mumbai, May 29 -- The Reserve Bank of India (RBI) has stated in its latest annual report that domestic inflation converged closer towards the target during 2024-25 aided by easing input cost pressures, proactive supply management measures by the government and continuing transmission of past monetary policy actions. Headline inflation moderated to an average of 4.6 per cent during 2024-25 from 5.4 per cent in the previous year, largely driven by a moderation in core (CPI excluding food and fuel) inflation to 3.5 per cent and deflation in fuel at 2.5 per cent. The moderation in core inflation was broad-based across goods and services. Deflation in fuel was driven by reduction in liquefied petroleum gas (LPG) and kerosene prices on the back...