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CPI Inflation
April 12 , 2020
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- The Reserve Bank of India projected that the consumer Price Index (CPI) is to ease from 4.8% in Q1 to 4.4% in Q2 of the financial year 2020-21.
- The estimated easing of CPI implies that the aggregate demand will weaken further.
- Currently, RBI is following target inflation rate in the country.
- The inflation target has been set at 4% with +2% and -2% as target bands on either sides.
- This means that RBI will try to maintain the inflation rate between 2% and 6%.
- The Inflation Targeting was adopted by Government of India in 2015.
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