Inflation seen staying above 4% in FY23, to average 5.2% in FY24: RBI

Das says RBI won't make public the communication on failure of achieving target to govt

The Reserve Bank of India’s (RBI's) structural models indicate average consumer price index (CPI) inflation at 5.2 per cent in the next fiscal year, lower than its forecast of 6.7 per cent for FY23 but above the target of 4 per cent.

“In Q4FY24, CPI inflation is projected at 5.2 per cent, with the 50 per cent and the 70 per cent confidence intervals at 3.5-7 per cent and 2.5-7.9 per cent, respectively,” the RBI said in its September 2022 Monetary Policy Report.

There may not be any respite from high and stubborn inflation any time soon as the RBI