Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank expects inflation to moderate from September onwards.
The RBI Governor said that while citing a fall in the prices of vegetables like tomatoes, restrictions imposed on the export of non-basmati rice and cut in the prices of domestic LPG cylinders.
Das was addressing a programme at Devi Ahilya University in Indore.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
"We expect overall inflation to start moderating from September onwards. August inflation will be again very high, but we expect from September onwards inflation to go down,” he said.
Das said that the prices of tomatoes have already fallen and retail prices of other vegetables are also expected to come down from this month.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The RBI Governor said the government has taken several steps to ensure the supply of tomatoes and other items of common need to the people at affordable prices.
"The restrictions have been imposed on the export of non-basmati rice. The prices of domestic LPG cylinders have been cut recently," he said.
According to government data, retail inflation had gone up to 7.44% in July, which was its highest level in the last 15 months.
Das said that the rate of (retail) inflation was at a very high level in July.
“Everyone was surprised by this. But mainly due to high prices of tomatoes and other vegetables, we were expecting that it would be substantially higher in July,” he said.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
