The Reserve Bank of India (RBI) released its June bulletin, indicating that high-frequency indicators suggest real GDP growth in Q1 is maintaining the pace from the previous quarter. Headline inflation is gradually easing due to a sustained softening of its core component. Global growth was resilient in Q1 2024, leading many central banks to adopt a less restrictive monetary policy stance in response to falling inflation. However, retail inflation is still being impacted by volatile and elevated food prices, hindering the disinflation process. RBI's goal of aligning inflation with the 4% target remains a work in progress as long as food price pressures persist.
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🚨@RBI's goal of aligning inflation with target of 4% will remain work in progress as long as food prices pressure persists. Take a look at RBI's bulletin of May 2024 ⏬ https://t.co/Sq7R0Ey9Zh #RBI #Inflation #DigitalPayments https://t.co/F7wcbXGM3G
Retail inflation is gradually easing, but volatile and elevated food prices are interrupting the path of disinflation, the RBI Bulletin said #inflation #retailinflation #rbi #foodprice
#NewsFlash | @RBI releases June edition of monthly bulletin 👉Global growth was resilient in the first quarter of 2024. Many central banks have pivoted towards a less restrictive monetary policy stance in response to the fall in inflation in their economies https://t.co/0s7J3cvg7D
⚠️ INDIA CENBANK BULLETIN: HIGH-FREQUENCY INDICATORS SUGGEST THE REAL GDP GROWTH IN Q1 BROADLY MAINTAINING PACE ACHIEVED IN PRECEDING QUARTER **RBI BULLETIN: HEADLINE INFLATION IS GRADUALLY EASING, DRIVEN BY SUSTAINED SOFTENING OF ITS CORE COMPONENT **RBI BULLETIN: PATH OF…