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Food prices 'slowing pace of disinflation': MP
The New Indian Express
|June 22, 2024
Panel decided to leave key policy rates unchanged, retained policy stance of withdrawal of accommodation
MAJORITY of the six-member monetary policy committee (MPC) members called for caution on dropping guard against inflation fight given sticky food inflation that is slowing pace of disinflation, as per the minutes of the last MPC meetings released by the RBI on Friday.
In May, headline retail inflation eased to the lowest in a year at 4.75%, from 4.83% in April. It is still 75 bps over the median target of the MPC and the central bank.
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