RBI chief warns about India's 'recurring' food shock problem
1 year, 1 month ago

RBI chief warns about India's 'recurring' food shock problem

India Today  

Despite recent declines in retail inflation, India remains susceptible to "recurring and overlapping" food price shocks, cautioned Reserve Bank of India Governor Shaktikanta Das. "In these circumstances, monetary policy remains watchful and actively disinflationary to progressively align inflation to the target, while supporting growth," Governor Das said in a speech delivered in Japan. While retail inflation eased to a three-month low of 5.02 per cent in September, sharp price spikes in certain food items remain common. Given the already upward trend in inflation due to rising global crude oil prices, sudden price spikes of essential food items pose a significant risk of further inflationary pressures in the coming months.

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