RBI Report On Inflation - Inflation may come down to 5.2 per cent in the next financial year: RBI Report | NewsBust RBI Report On Inflation - Inflation may come down to 5.2 per cent in the next financial year: RBI Report | NewsBust

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RBI Report On Inflation – Inflation may come down to 5.2 per cent in the next financial year: RBI Report

By Amit - October 2, 2022

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Continuing high inflation remains an important policy concern for the Reserve Bank of India (RBI), but the pressure is likely to ease in the next financial year on the back of normal rains and easing of disruptions in global supply chains. This estimate has been expressed in a report of RBI. In this RBI report, it has been said that in the next financial year starting April 2023, retail inflation will come under control and its level is expected to remain at 5.2 percent. It has been estimated to be 6.7 percent in the current financial year.

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In the ‘Monetary Policy Report September 2022’, RBI said that in the event of a normal monsoon, continuous removal of disruptions in supply chains and no external or policy shocks, inflation is expected to average 5.2 percent in the financial year 2023-24. Is.

Inflation levels have remained above the RBI’s satisfactory upper limit (six per cent) since January 2022. Inflation hit an all-time high of 7.8 per cent in April, although it has started to decline later, yet it remains at an unacceptably high level. To control inflation, the RBI on Friday increased the policy rate repo by 0.5 percent to 5.9 percent. RBI has retained the inflation forecast for the financial year 2022-23 at 6.7 per cent. It is expected to remain at around 6 per cent in the second half.

(This news has not been edited by NewsBust India team. It has been published directly from Syndicate feed.)

Amit

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