The Hindu (February 15)
2023/ 02/ 16 by jd in Global News
Reserve Bank of India Governor Shaktikanta Das proclaimed the worst of inflation was in the rear-view mirror. Five days later, January CPI estimates “revealed a disconcerting reversal in price gains trend. Headline retail inflation… quickened by 80 basis points last month to 6.5%. Propelling the acceleration was a 175 basis-points jump in food prices.” This “surprise reversal” suggests that “inflationary expectations in the economy are nowhere near anchored and will necessitate further policy action both from the RBI and fiscal authorities.”
Tags: Acceleration, Anchored, CPI, Economy, Expectations, Food prices, India, Inflation, Price gains, Reserve Bank, Surprise reversal
