June retail inflation surges to 4.81% on high food prices
With June inflation numbers out, the first quarter average retail inflation for 2023-24 stands at 4.6%, in line with RBI’s estimates
inflation target
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Disinflation process likely to be slow, protracted: RBI Guv
Das says in recent months, there have been signs of some softening in inflation, with headline inflation easing to 4.25% in May 2023 from the peak of 7.8% in April 2022
RBI retains FY23 inflation target at 6.7%; to keep 'Arjuna's eye' on rising costs
CPI inflation is expected to remain above the upper threshold of 6% in Q3 and Q4 of this fiscal, while it is likely to moderate in the first half of FY24.
Retail inflation rises to 5-month high of 7.4% in Sept
Retail inflation rose in both rural and urban areas. India's factory output saw a contraction of 0.8% in August 2022.
MPC meet: RBI hikes repo rate by 50bps to 4.9%; retains FY23 GDP forecast at 7.2%
Inflation is likely to remain in the upper tolerance band in the first 3 quarters of FY23, says RBI governor Shaktikanta Das.
RBI announces steps to fight second wave of Covid-19
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.
