Governor of the Reserve Bank of India: High inflation is mainly driven by rising fuel and food prices. So far, there is little sign that price pressure has spread widely. Overall inflation is expected to peak in the third quarter of this year and slow down thereafter. The Monetary Policy Committee pointed out that although overall inflation is expected to rise, this is mainly due to supply-side pressure.

Governor of the Reserve Bank of India: High inflation is mainly driven by rising fuel and food prices. So far, there is little sign that price pressure has spread widely. Overall inflation is expected to peak in the third quarter of this year and slow down thereafter. The Monetary Policy Committee pointed out that although overall inflation is expected to rise, this is mainly due to supply-side pressure.