Business Standard

Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?

The state of the economy report authored by RBI staff said the fall in the inflation rate in July was a heartening development


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Indivjal Dhasmana New Delhi
The retail price inflation has declined for the last three months till July even as it remained over the mandatory threshold limit of six per cent, set by the monetary policy committee (MPC) of the Reserve Bank of India (RBI). If it remains over six per cent for two more months the RBI will have to explain to the government in writing the reasons for its failure to contain the inflation rate below the threshold limit, besides a couple of other suggestions and time frame.

Looks like both the RBI and the government seem to be suggesting that the inflation

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First Published: Aug 23 2022 | 12:05 PM IST

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