RBI projects retail inflation for 2024-25 at 4.5%

Increasing geopolitical tension impacts the supply chain and puts pressure on commodity prices, especially crude oil, said RBI governer Shaktikanta Das announcing the recomendations of the Monetary Policy Committee of the central bank.

RBI projects retail inflation at 5.4 per cent for current fiscal, 4.5 per cent for 2024-25.

Monetary policy has to remain vigilant to successfully navigate the last mile of disinflation.

RBI stresses it remains focused on aligning the inflation target of 4 percent on a durable basis.