RBI monetary policy committee member moots two inflation rates

Quick Summary:

RBI monetary policy committee member Nagesh Kumar has proposed considering two inflation rates, one including and the other excluding food prices, to tailor policy decisions.

With food having a 46% weightage in consumer price inflation, the current rate established in 2011-12 may need reassessment.

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Article Details

Author / Journalist: Agencies

Category: EconomyBusiness

Markets: IndiaCyprusMauritiusSingapore

Topics: Consumer price inflation Nagesh Kumar Headline inflation rate Business news Economic Survey 2023-24 Food prices Inflation rates Benchmark interest rates Economic policy suggestions Supply side pressures

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 03:56:55 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 571 words

Reading Time: 4 minutes read

Sentences: 16 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25346967

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