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Why in News ? The Reserve Bank of India’s (RBI) concerns about persistent food inflation affecting the overall disinflation process and outlines the RBI’s strategies and economic projections. About the News Slow Disinflation:RBI Governor Shaktikanta Das highlighted that while overall inflation is easing, the pace is slow due to high food inflation driven by supply-side …
Read MoreWhy in the news? The Reserve Bank of India’s Monetary Policy Committee is likely to maintain the repo rate at 6.5% due to persistent food inflation, signaling a cautious approach to monetary policy. Expectations suggest the MPC will keep the monetary policy stance unchanged, focusing on managing inflation and supporting economic growth amid uncertainties. About …
Read MoreWhy in the news? April 2024: Indian food inflation hits four-month high at 8.7%. Rural areas affected most. Overall inflation is stable at 4.83%. About Consumer Food Price Inflation (CFPI): Consumer Food Price Inflation (CFPI) focuses solely on food price changes in a consumer’s basket. It measures the rate of increase in food prices over …
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