Consumer price inflation is likely to get hover at 5.3% in the FY of 24

The Reserve Bank of India (RBI) expected it in the headline as the retail Inflation on an average of 5.3 percent in 2023-24, according to Governor Shaktikanta das claimed on February 8. In his address, while announcing the Monetary policy Committee (MPC) decision for hiking up to the Repo Rate by almost 25 basis points to 6.5 percent, the RBI Governor also claimed it to be the forecast for Consumer Price Index (CPI) Inflation in the current year that 20 basis points had lowered to 6.5 percent.

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