INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Indias retail inflation, as determined by the customer rate index (CPI), eases to 5.72% in December 2022, information released by
the federal government revealed on Thursday
The inflation numbers have now stayed within the Reserve Bank of Indias (RBI) tolerance band of 2-6% for a second straight month
In November, inflation figures had slowed to an 11-month low of 5.88% on back of moderating food costs and a favourable base result,
bringing much-needed relief from stubborn price pressures and activated prospects of less aggressive rates of interest walkings in the
months ahead.In its December monetary policy satisfy, RBI governor Shaktikanta Das had actually said that RBI would continue its fight
against inflation regardless of the worst being behind us , recommending the central bank was likely to remain hawkish in the near term.Das
had stated inflation is cooling across the world on softening of the commodity and the oil costs, however worried that we can not be
contented in spite of the positive news on inflation
RBI deputy guv Michael Patra had actually stated RBIs efforts will be first focused on getting inflation into the tolerance band of under
6%, and added that the lowering of the quantum of the hikes at 35 basis points as versus 50 basis points previously must be seen as a signal
which the central bank is sending out.
