New era of inflation starting? RBI report increased the tension of government and public, what effect will it have on your budget- VIDEO
RBI Monetary Policy Committee Meeting: Reserve Bank of India (RBI) Governor Sanjay Malhotra has issued a major update regarding the monetary policy for the current financial year 2026-27. This time the central bank has given two big shocks to the common man of the country by keeping the repo rate at 5.25 percent. The Reserve Bank of India has directly increased the Consumer Price Index (CPI) based inflation estimate for the current financial year from 4.5 percent to 5.1 percent. On the other hand, the estimate of the country’s real GDP growth rate has been reduced from 6.9 percent to 6.6 percent. Earlier on Thursday, CRISIL Intelligence had released the Roti Rice Rate (RRR) report. According to CRISIL report, the prices of home-made vegetarian and non-vegetarian thali have increased in May. The main reason for the increase in food prices is the prices of vegetables. CRISIL has said in its report that in the coming months, the prices of potatoes and onions can further spoil the budget of the common man. This means that the prices of vegetables are going to increase further.
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