The RBI has projected the CPI inflation at 5.3 per cent for 2021-22. According to MoSPI data, inflation in the food basket rose to 0.85 per cent in October, compared to 0.68 per cent in the preceding month. India’s retail inflation rate, measured by the Consumer Price Index (CPI), rose slightly in October to 4.48% year-on-year from 35% in September due to an uptick in food prices. The inflation was 61% in October last year.
Important takeaways for all competitive exams:
- RBI Founded: April 1, 1935;
- RBI Headquarters: Mumbai, Maharashtra;
- RBI Governor: Shaktikanta Das;
- RBI Deputy Governors: Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao, T Rabi Sankar.