Food Inflation and global spillovers may hinder India’s path to disinflation, RBI Bulletin highlights
inflation is on a downward trajectory, but there is still significant ground to cover, according to the latest bulletin from the Reserve Bank of India released on Monday.
The final stretch of disinflation hinges on controlling food inflation and mitigating its spillover effects on inflation expectations and core inflation.
The bulletin. said that the monetary policy remains committed to aligning inflation with its target. However, geopolitical conflicts, an uncertain global outlook, volatile financial markets, and climate-related shocks pose key risks to both growth and inflation forecasts.
Despite these challenges, domestic economic activity is expected to remain strong, supported by solid fundamentals. A revival in private consumption, aided by easing inflation and a rebound in rural demand, is anticipated to be a cornerstone of this growth, highlight the RBI Bulletin for October 2024.
Additional factors, such as the government’s capital expenditure push in infrastructure, increased investment activity, and a stronger agricultural sector, contribute positively to the momentum, it showed.
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