Vegetable Prices | RBI Inflation: A lot depends on vegetable prices to find comfort for RBI's inflation battle

A member of India's Monetary Policy Committee (MPC) predicts that retail inflation will return to the central bank's comfort band of 2%-6% as vegetable prices soften. The recent spike in vegetable prices, particularly tomatoes, has been unprecedented, but a seasonal softening is expected. Led by vegetables, food inflation reached an over 3-year high of 11.5% in July, pushing retail inflation to 7.44% above the RBI's comfort band.

Related Keywords

India ,Ukraine ,Shaktikanta Das ,Michael Patra ,Ashima Goyal ,India Monetary Policy Committee ,Reuters ,Monetary Policy Committee ,Reserve Bank ,Vegetable Prices ,Rbi Inflation ,Inflation ,India Inflation Rate ,Tomato Prices ,Indias Inflation ,Indian Economy ,Reserve Bank Of India ,