Your EMI may increase due to tomato-onion! RBI has indicated

RBI Governor on Inflation: The rising inflation in the country, especially the prices of vegetables, has also worried the RBI Governor. RBI Governor Shaktikanta Das says that it is not so easy to overcome inflation suddenly. Filling the demand-supply gap may take time.

Before the last one or two months, tomato and then onion spoiled the budget of the general public. However, now their prices are being controlled. But during which the rapid increase in their prices has now become a matter of concern for RBI. Actually, due to the rise in the prices of food items, RBI may increase the interest rates this time. RBI Governor Shaktikanta Das himself has indicated this. RBI Governor Shaktikanta Das mentioned this concern in a meeting. Shaktikanta Das says that the rate at which food prices, especially the prices of tomatoes, have increased rapidly. That is really a matter of concern.

RBI Governor Shaktikanta Das said that it has become difficult to handle inflation due to the rise in food prices. According to Das, it cannot be handled in one stroke. According to Shaktikanta Das, it takes time to recover from such tremors. Although now the prices are stable. But the demand-supply balance that has been disturbed will take time to improve completely.

Growth continues from December

As such, the process of increase in the prices of food items is going on from December 2022 itself. But in the last few months, especially in the prices of vegetables, there has been a huge increase. Therefore, its effect can also be seen on the upcoming MPC meeting. RBI is constantly trying to keep inflation under control. For this reason, it was announced not to increase the interest rates for the last three quarters. During April, June and August, the RBI had kept the interest rates stable so that the EMI burden could not increase on the people. The conflict continues with the Russia-Ukraine war

According to RBI Governor Shaktikanta Das, the central bank is committed to keeping inflation at 4 per cent. But last year, during the Russia-Ukraine war, there was a spurt in inflation, due to which it became the compulsion of RBI to continuously increase the interest rates during that period. Due to this compulsion, the repo rate reached 6.50 percent. First Russia-Ukraine stood in front of RBI like a villain. Now inflation is seen challenging the efforts of RBI to reduce inflation by becoming another villain.