India’s central bank has been focused on reviving economic growth during Covid, but what about inflation? ...Middle East

Quartz - Economy

Reviving growth in a post-Covid economy has been the main focus of India’s central bank for over a year now. But it’s probably time for the regulator to shift priorities to another pressing concern.The consumer price inflation—increases in the prices that people pay—has remained higher than the Reserve Bank of India’s (RBI) comfort level of 2-6% for 11 out of the last 12 months. Most recently, in July, consumer price inflation was at 6.26%, nearly unchanged from 6.30% in June.While the rise in prices has so far been attributed to supply disturbances due to the Covid-19 lockdowns, economists now worry that there are other reasons contributing to the trend, and it might become challenging for

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India’s central bank has been focused on reviving economic growth during Covid, but what about inflation? ...Middle East

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