RBI inflation in April
According to a Reuters poll, the country's april inflation was higher than the RBI's control level, the highest in 18 months.
Rise in petrol and diesel prices
Rising petrol and diesel prices, rising food and vegetable prices have pushed inflation to a record high for the fourth consecutive month. The Reserve bank has set a target of keeping inflation within 6 per cent. However, from january to march 2022, inflation rose to more than 6 percent. Of this, march reached nearly 7 percent. Following this, the Reserve bank raised interest rates on loans by 40 points.
Violating inflation
In april, inflation was expected to rise above the Reserve Bank's control of more than 7 percent.
May rise above 7%
According to a Reuters poll of 45 economists between april 5 and 9, inflation is expected to rise to 7.50 percent in april or 7 percent to 7.80 percent. Inflation was 6.95% in March. Inflation is expected to rise above the Reserve Bank's control level after october 2020. rahul Bajoria, Barclays' chief economist for India, said: The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india has raised interest rates by 40 percentage points since 2018.
Wholesale inflation
Retail inflation could rise to more than 7 percent in april, pushing wholesale inflation to double digits. That is, an increase of more than 14 percent. Headline inflation continues to rise in double digits. If retail inflation rises above 7 percent, the Reserve bank is likely to raise interest rates further at the monetary policy meeting. ”
According to a Reuters poll, the country's april inflation was higher than the RBI's control level, the highest in 18 months.
Rise in petrol and diesel prices
Rising petrol and diesel prices, rising food and vegetable prices have pushed inflation to a record high for the fourth consecutive month. The Reserve bank has set a target of keeping inflation within 6 per cent. However, from january to march 2022, inflation rose to more than 6 percent. Of this, march reached nearly 7 percent. Following this, the Reserve bank raised interest rates on loans by 40 points.
In april, inflation was expected to rise above the Reserve Bank's control of more than 7 percent.
May rise above 7%
According to a Reuters poll of 45 economists between april 5 and 9, inflation is expected to rise to 7.50 percent in april or 7 percent to 7.80 percent. Inflation was 6.95% in March. Inflation is expected to rise above the Reserve Bank's control level after october 2020. rahul Bajoria, Barclays' chief economist for India, said: The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india has raised interest rates by 40 percentage points since 2018.
Retail inflation could rise to more than 7 percent in april, pushing wholesale inflation to double digits. That is, an increase of more than 14 percent. Headline inflation continues to rise in double digits. If retail inflation rises above 7 percent, the Reserve bank is likely to raise interest rates further at the monetary policy meeting. ”
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