Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary policy committee’s (MPC) view that the fight against inflation is far from over, the Reserve Bank of India said on Monday.”Monetary policy has to stay the course on the arduous last leg of the journey to align inflation with the target,” the RBI said in its State of the Economy article, published as a part of its monthly bulletin.
India’s fight against inflation far from over: RBI bulletin
Food price spikes in India, typical at the onset of the monsoon, drove up headline inflation in June, corroborating the monetary policy committee’s (MPC) view that the fight against inflation is far from over, the Reserve Bank of India said on Monday.”Monetary policy has to stay the course on the arduous last leg of the journey to align inflation with the target,” the RBI said in its State of the Economy article, published as a part of its monthly bulletin.