The reserve bank of india, on february 8, kept its consumer price index (cpi) inflation forecast for the current financial year (fy24) unchanged at 5.4%. The comparable figure in february 2024 was 1.6.
Bank of england expected to hold borrowing costs at 5.25%. The rbi has been on halt mode since february 2023 and has held the rates at the current level for 6 meetings.
The Rate Of Inflation Is The Change In Prices For Goods And Services Over Time.
In the chart below, we can see how the monthly inflation compares between 2018 (light green), 2019 (light.
How Will Rbi Interpret February 2024 Wpi Inflation?
After correcting in january, food inflation edged up to 7.8.
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The Reserve Bank Of India, On February 8, Kept Its Consumer Price Index (Cpi) Inflation Forecast For The Current Financial Year (Fy24) Unchanged At 5.4%.
Inflation has softened considerably and is expected to moderate further in 2024.
The Rbi Has Been On Halt Mode Since February 2023 And Has Held The Rates At The Current Level For 6 Meetings.
Annual inflation fell to 2% in the year to may 2024, its lowest level since july 2021, down.