RBI Governor Shaktikanta Das, while speaking at Kautilya Economic Conclave on Saturday, had exuded confidence that the price situation will gradually improve in the second half of the current fiscal.
retail inflation rate will be running at about a 9% clip. each month every month for at least four months. what do you think of that? we disagree. our feeling is that we are very slowly likely to see this year percentage change and average about 7% by the fourth quarter of this year. but our feeling is that we re not likely to go to 9% or above. i think that s why our belief is that we ll be seeing the fed funds rate approaching 3.5%. at the same time, i think the tone of the question is are we headed for a recession and a bare market and history would say yes, the five times in the past when headline cpi was a above 6.5%, every time we fell into a recession. martha: neil: all right. thanks, sam. sorry on the aging. just dawned on me wore about the
India's retail inflation eased in May but the rate still stayed above the Reserve Bank of India's (RBI) upper tolerance level of 6 per cent for the fifth month in a row.
Data furnished by the National Statistical Office showed that the Consumer Price Index rose by 5.59 per cent last month from 4.91 per cent in November 2021.