rbi statement, 2024-06-21
There is, however, little comfort in the near-term with inflation projected to remain sticky at around 4.9 per cent in Q1:2024-25 primarily due to the impact of unprecedented heat wave conditions on summer crop of vegetables and fruits; lower agricultural and horticulture production estimates; revision in milk prices across major cooperatives; and signs of a turnaround in commodity prices along with logistics and transportation costs.
Sentiment: neutral
Topic: mp_inflation