{"id":58444,"date":"2019-04-04T10:53:40","date_gmt":"2019-04-04T10:53:40","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=58444"},"modified":"2019-04-04T10:53:41","modified_gmt":"2019-04-04T10:53:41","slug":"rbi-cuts-inflation-forecast-to-2-9-3-for-first-half-of-current-fiscal","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/rbi-cuts-inflation-forecast-to-2-9-3-for-first-half-of-current-fiscal\/","title":{"rendered":"RBI cuts inflation forecast to 2.9-3% for first half of current fiscal"},"content":{"rendered":"\n<p>The Reserve Bank on Thursday cut the retail inflation forecast to 2.9-3 per cent for the first half of current fiscal, mainly due to lower food and fuel prices as well as expectation of a normal rainy season.<\/p>\n\n\n\n<p>The inflation path during 2019-20 is likely to be shaped by several factors. First, low food inflation during January and February will have a bearing on the near-term inflation outlook. Second, the fall in the fuel group inflation witnessed at the time of the February policy has become accentuated, the RBI said in its first bi-monthly monetary policy for 2019-20.<\/p>\n\n\n\n<p>\u201cTaking into consideration these factors and assuming a normal monsoon in 2019, the path of CPI inflation is revised downwards to 2.4 per cent in Q4:2018-19, 2.9-3.0 per cent in H1: 2019-20 and 3.5-3.8 per cent in H2: 2019-20, with risks broadly balanced,\u201d the RBI said.In its previous policy outcome in February, the RBI had projected retail inflation between 3.2-3.4 per cent for the first half of 2019-20.<\/p>\n\n\n\n<p>Among others, the apex bank said Consumer Price Index-based inflation, excluding food and fuel, in February was lower than expected, which has imparted some downward bias to headline inflation.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank on Thursday cut the retail inflation forecast to 2.9-3 per cent for the first half of current fiscal, mainly due to lower food and fuel prices as well as expectation of a normal rainy season. The inflation path during 2019-20 is likely to be shaped by several factors. First, low food inflation [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":58445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-58444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/58444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=58444"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/58444\/revisions"}],"predecessor-version":[{"id":58446,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/58444\/revisions\/58446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/58445"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=58444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=58444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=58444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}