India's headline inflation is predicted to stay above the Reserve Bank of India's (RBI) upper tolerance target of 6 percent till December 2022, RBI Governor Shaktikanta Das.
"The CPI inflation rate is anticipated to stay over the upper tolerance level until December; after that, according to our present predictions, it is anticipated to drop below 6 percent. There will be inflationary pressures, but we only expect it to go below 6 percent in the fourth quarter "Das stated in a press briefing interview with Times of India. The RBI governor said, inflation is currently the main issue facing the majority of economies in the world.
"As far as challenges are concerned, inflation is unquestionably the biggest challenge confronting most countries. Almost all market economies are confronted with mounting inflation, which is an issue that worries governments and RBI worldwide. The current surge in our inflation is basically because of global factors. From April onwards we have been taking rate actions to effectively deal with rising inflation," RBI Governor Shaktikanta Das said.