Categories
INR Quantitative & Monetary Easing News Worldwide Economic Data

High Inflation: RBI Likely To Go For Rate Hike in June; Know What Analysts Expect

Sumary of High Inflation: RBI Likely To Go For Rate Hike in June; Know What Analysts Expect:

  • The Consumer Price Index (CPI)-based inflation, which the runs takes as a reference component while deciding on the monetary policy, in April 2022 soared to an eight-year high of 7.79 per cent.
  • Core inflation, which excludes changes in substance and grease values, in April also tap a 95-month high at 6.97 per cent.
  • Rating agency Icra in its report said commodity price pressures emanating from supply disruptions amid global headwinds will keep the core inflation lift in the approach months, although there has been some ordered degree in values of important commodities (steel, copper, aluminium, etc.) amid require interests from China.

Want to know more click here go to source.