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Risk of High Inflation: RBI


ANIMESH SRIVASTAVA 30/08/2018 13:06:09
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New Delhi, Aug 30: In its annual report, the RBI flags risk of high inflation during the remaining part of the current fiscal year, ‘warranting vigil and readiness’ to deal with them. The factors for rising inflation can be rising commodity prices, global financial market developments.

According to the annual report by Central Bank, “Headline inflation which averaged 4.8% during Q1:2018-19, is likely to face upside risks over the rest of the year from a number of sources.”

In the quarter 2 of 2018-19, the inflation projected by RBI is at 4.6%, 4.8% in the second half of the year and 5% for the first quarter of the fiscal year 2019-20.

The central bank said the stage is set for the ‘intensification of structural reforms that will unlock new growth energies and place the Indian economy on a sustainable trajectory of higher growth.’

 

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