Projection of CPI inflation revised to 5.2% for Q4 of current financial year: RBI
Video Credit: ANI - Duration: 01:32s - Published
Projection of CPI inflation revised to 5.2% for Q4 of current financial year: RBI
While addressing a virtual press conference in Mumbai on February 05, Reserve Bank of India (RBI) Governor Shaktikanta Das said, "Projection of CPI (consumer price index) inflation has been revised to 5.2% for Q4 of the current financial year."
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Consumer Prices , Rose 0.4% in February.
The Bureau of Labor Statistics released
its latest data on March 12.
In February 2024, prices rose 0.4%
compared to January and 3.2% year-over-year, according to the Consumer Price Index (CPI).
The figures, which are greater than expected, represent the biggest monthly increase since September, Yahoo Finance reports. .
The index for housing rent rose 0.5% in February.
Gas prices rose 3.8%.
While food prices held steady for the month, they increased 2.2% year-over-year.
The Federal Reserve will use the latest data to help determine its position on interest rates on March 20. .
Experts predict that rates will
remain unchanged for the time being.
The market is now eyeing June for the possibility of rate cuts, Yahoo Finance reports. .
Fed Chair Jerome Powell recently said
that while interest rates will likely
be cut "at some point this year,"
"a little bit more data" is needed.
Credit: Wibbitz Top Stories Duration: 01:31Published
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In line with the Union Budget 2021, the Reserve Bank of India today projected a GDP growth rate of 10.5 per cent for the financial year beginning 1 April. RBI chief said RBI projects GDP at 10.5% in..