The inflation dragon will not be easy for RBI to tame4 min read 19 Apr 2022, 10:09 PM IST
A close look at the anatomy of India’s current price instability shows why our central bank being behind the curve is so risky
The inflation problem can no longer be ignored. Price pressures have spread across the economy—and there are few signs right now that they will abate soon. The Reserve Bank of India (RBI) has begun to tighten monetary policy without explicitly saying so. Many companies have indicated that they will increase their product prices. The government’s decision to provide free food for another six months could at least partly be explained by the need to protect the purchasing power of households.
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