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India inflation: Inflation moderates to 6 83% in August after surging 7 4% in July

Retail inflation moderated to 6.83% in August after reaching a 15-month high of 7.4% in July, driven by food prices. The Reserve Bank of India (RBI) and government officials have expressed concerns about high inflation and are taking steps to bring it within the RBI s comfort zone. Despite efforts to stabilize prices, S&P Global Ratings believes that inflation will remain elevated in the near term

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Inflation To Remain Elevated In Next Few Months, Govt Policies To Prevent It From Rising Further: S&P

Inflation To Remain Elevated In Next Few Months, Govt Policies To Prevent It From Rising Further: S&P
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India inflation: Inflation to remain elevated in next few months, govt policies to prevent it from rising further: S&P

Inflation in India is likely to remain elevated in the near terms but government policies will prevent it from rising further, S&P Global Ratings said. In July, the consumer price index based retail inflation spiked to 15-month high of 7.44 per cent in July, with specific food commodities mainly driving the increase.

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Monetary policy has to be forward looking: RBI Governor Shaktikanta Das

The RBI has been fighting a hard battle against a persistently high inflation in the last few years. The MPC has a mandate to keep retail inflation at 4 percent target within a tolerance band of 2-6 percent.

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Inflation to remain elevated in next few months, govt policies to prevent it from rising further: SP

Inflation to remain elevated in next few months, govt policies to prevent it from rising further: SP
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