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RBI lowers retail inflation projection to 3.9-4.5 pc for second half of FY19

 

The Reserve Bank Friday lowered its retail inflation projection for the second half of the current fiscal to 3.9-4.5 per cent mainly because of an unusually benign trend in food prices. Food inflation has remained unusually benign, which imparts a downward bias to its trajectory in the second half of the year, the central bank said in its fourth bi-monthly monetary policy unveiled here. 

"Inflation is projected at 4 per cent in second quarter (July-September) 2018-19, 3.9-4.5 per cent in H2 (October-March) and 4.8 per cent in Q1:2019-20 (April-June), with risks somewhat to the upside," it added. 

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