Persistently high inflation requires appropriate policy responses, says RBI article
Updated: 19 Aug 2022, 08:11 AM IST
TL;DR.Retail inflation based on the Consumer Price Index (CPI) eased to 6.71 per cent in July but remained above RBI's tolerance level for the seventh month in a row. The central bank has been tasked by the government to ensure that retail inflation remains within the range of 2-6 per cent.
A man walks past the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai, India, August 5, 2022. REUTERS/Francis Mascarenhas REFILE - QUALITY REPEAT