Inflation to persist at elevated levels for a while: RBI officials
The Hindu
Price pressures to ease in third quarter of 2021-22, they write in a Bulletin article
The tapering of the second wave, coupled with an aggressive vaccination push, has brightened near-term prospects for the economy but inflation will remain elevated for some more months, senior RBI officials wrote in an article on the ‘State of the Economy’ in the RBI’s monthly Bulletin. While several high frequency indicators of activity were recovering, a ‘solid increase in aggregate demand’ was yet to take shape. On the supply side, agricultural conditions were turning buoyant with the revival in the monsoon, but the recovery of manufacturing and services sectors had been interrupted by the second wave, they added.
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