India's RBI warns that food price pressures may prevent retail inflation from reaching its 4% target.
India's Reserve Bank warns that food price pressures may prevent its retail inflation from reaching its mandated target of 4%. Despite core inflation falling, food price pressures are preventing a decline in headline inflation. The RBI's March bulletin states that even as inflation is decreasing, the repetitive occurrences of short-term food price increases hinder a faster decrease in headline inflation towards the 4% target.
March 19, 2024
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