RBI warns of cautious monetary policy approach if food inflation persists
With spillovers to costs, service charges and output prices, the danger of food inflation surfacing as a more generalised phenomenon has increased, says RBI paper.
With spillovers to costs, service charges and output prices, the danger of food inflation surfacing as a more generalised phenomenon has increased, says RBI paper.
Wholesale price index inflation stood at 3.36% in June and 2.74% in May.
The RBI maintains status quo for the 9th straight time, keeps repo rates unchanged at 6.5% and the MSF at 6.75%
RBI Governor Shaktikanta Das says MPC is committed to ensuring price stability, which results in a period of sustained growth
The surge is driven by increased costs of food items, food products manufacturing, crude petroleum, natural gas, mineral oils, and other manufacturing sectors
Consumer Food Price Index surges to 9.4%.
If we target inflation based on CPI and seasonal factors and decide policy rates of interests accordingly, we are bound to make mistakes.
The final leg of this disinflation journey may be tough, says RBI governor Shaktikanta Das
Non-veg thali took a 7% price dip in the same period, thanks to lower broiler prices
With inflation trending downwards, the Indian economy appears to be quite robust and resilient, EY says in the monthly economy watch report.