Supply side measures need to be continued to check spiraling of food shocks into generalised economy-wide price impulses, RBI Governor Shaktikanta Das said in the minutes of the Monetary Policy Committee (MPC) meeting held on August 8-10.
Headline consumer price index (CPI)-based inflation is expected to harden significantly in July-August, driven by the spike in tomato and other vegetable prices, Das wrote in the minutes.
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