Retail inflation eases to 4-month low at 5.09% in Feb; IIP grows 3.8% in Jan
Food price inflation, however, continued its upward trajectory, rising to 8.66% in February, from 8.3% in January.
Food price inflation, however, continued its upward trajectory, rising to 8.66% in February, from 8.3% in January.
The retail inflation has remained within the RBI's target band of 2-6% for the second month straight
While cereals inflation is exhibiting an increasing trend for the past two years, the latest increase is “perplexing”, says a report.
The RBI governor Shaktikanta Das-led MPC keeps inflation forecast unchanged at 6.7% for the financial year 2022-23 amid upside risks to food prices.
Reserve Bank governor Shaktikanta Das says policy measures could impact demand in the short-term but moderating inflation pressure is crucial at this stage.
Centre’s borrowing plan of ₹15 lakh crore for FY23 seen influencing MPC to pursue accommodative stance.