Inflation, at 4.5% avg this yearr, to hit 4% target in 2 years: Patra

India's consumer price index inflation is forecasted to average 4.5% in the current fiscal year before aligning with the 4% target by FY26, says RBI Deputy Governor. Despite global challenges, RBI's inflation targeting framework, adopted in 2016, has proven effective in stabilizing inflation.

Oct 16, 2024 - 08:30

Inflation, at 4.5% avg this yearr, to hit 4% target in 2 years: Patra

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India's consumer price index inflation is forecasted to average 4.5% in the current fiscal year before aligning with the 4% target by FY26, says RBI Deputy Governor. Despite global challenges, RBI's inflation targeting framework, adopted in 2016, has proven effective in stabilizing inflation.