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Oct 27, 2016
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RBI probably cannot bring down inflation to 4% sustainably
The Reserve Bank may be going all-out to bring down inflation to 4 per cent, but it probably “cannot do so sustainably” as health and education prices will keep the consumer price index (CPI) above the targetted level, says a report.
According to global financial services major HSBC, even if food inflation settles at a lowly 4 per cent, it will not be enough to take headline inflation all the way down to 4 per cent.
Source -
http://www.financialexpress.com
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