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Governor of the Reserve Bank of India (RBI), Shaktikanta Das, has said that periodic shocks to food prices continue to make headline inflation in India susceptible. The Monetary Policy Committee (MPC) maintained its 5.4% inflation estimate for this fiscal year, which is a moderate decrease from 6.7% for 2022–2023.
Yesterday who said inflation is not going away. in fact, it could get a lot worse before it gets better. so are other companies like del monte having to raise prices? >> absolutely. you heard that from nestle and procter & gamble, these are just some of the company's over and over again during these earnings seasons because i've been on the call for the ceos and they said that they don't think that this inflation is transitory meaning, it's going to stick around for at least this year as well as next year. you had some price increases and again that's weighing down on the consumer. and meaning...