CPI inflation projected at 5.3 per cent in 2021-22: RBI Governor

Dec 08, 2021

Mumbai, Dec 08 (ANI): Consumer Price Index (CPI) inflation is projected at 5.3 per cent in 2021-22, said Reserve Bank of India Governor Shaktikanta Das on December 08. After the Monetary Policy Committee (MPC) Meeting, RBI Governor said, “The persistence of CPI inflation excluding food and fuel since June 2020 is an area of policy concern in view of input cost pressures that could rapidly be transmitted to retail inflation as demand strengthens. Price pressures may persist in the immediate term. Vegetable prices are expected to see a seasonal correction with winter arrivals in view of bright prospects for Rabi crops. CPI inflation is projected at 5.3 per cent in 2021-22. This consists of 5.1 per cent in Q3, and 5.7 per cent in Q4 with risk broadly balanced.”