RBI Governor Shaktikanta Das has forecasted a significant rise in India’s Consumer Price Index (CPI) for October. According to the Governor, the inflation number for October will be considerably higher than the September CPI.
Key Reasons Behind the Surge
Governor Das attributed the expected surge in CPI to a combination of factors, including rising food prices and supply chain disruptions. The October data is expected to reflect the cumulative effects of these inflationary pressures, surpassing the previous month’s figures.
Impact on Monetary Policy
The anticipated rise in inflation will have important implications for India’s monetary policy. The Reserve Bank of India (RBI) may need to adjust its approach to control inflation, potentially affecting interest rates and economic growth.
Governor’s Remarks on Inflation Control
Das emphasized that the RBI is closely monitoring inflation trends and will take appropriate steps to manage price stability. He also reassured the public that the central bank remains committed to its mandate of keeping inflation within targeted limits.
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