INSUBCONTINENT EXCLUSIVE:
RBI revised the CPI inflation for 2018-19 to 4.8-4.9 per cent in first half of the fiscal
The Reserve Bank today marginally revised upwards its inflation projection for the current
fiscal on firming crude oil prices in the global market
Retail inflation, based on Consumer Price Index (CPI), rose sharply to 4.6 per cent in April driven mainly by a significant increase in
prices excluding food and fuel, RBI said in a statement released after the three-day Monetary Policy Committee meeting
the fiscal and 4.7 per cent in the latter, including the HRA impact for central government employees, with risks tilted to the upside
The MPC resolution further said that excluding the impact of HRA revisions, CPI inflation is projected at 4.6 per cent in H1 and 4.7 per
absence of adequate details
Also, if the monsoon is normal and well-distributed temporally and spatially, it may help keep food inflation benign
upside and the downside, RBI noted.(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published
