Reserve Bank of India Governor Shaktikanta Das on Tuesday said the recurring food price shocks pose a risk to anchoring inflation expectations.
Retail inflation or consumer price-based inflation (CPI) rose to a 15-month high of 7.44 per cent in July from 4.81 per cent in June. This surge was primarily driven by a rise in prices of vegetables, cereals, pulses, spices and milk and products.
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