BEWARE OF FAKE INSTITUTES WITH SIMILAR NAMES. blank    blank

Maintaining the inflation target at 4%

  May 05, 2021

Maintaining the inflation target at 4%

Q Why is it in News?

On the last day of the financial year 2020-21, the Finance Ministry announced that the inflation target for the five years between April 2021 and March 2026 will remain unchanged at 4% (+/-2 %).

Q What is Inflation targeting mechanism of India?  

Q What is the rate of consumer price inflation? 

Q What is the RBI’s position on this? 

Q Why should these concern consumers?