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Recent Current Affairs related to Inflation

23 News
16 June 2026 ECONOMY

The Ministry of Commerce and Industry has released the Wholesale Price Index (WPI)-based inflation data, with 2022-23 as the revised base year.

Wholesale price inflation in India rose to 9.68% in May 2026, from 8.26% in April 2026. Sector-wise, fuel and power inflation stood at 30.33%, with crude petroleum inflation at 61.51%. Food inflation was recorded at 3.60%, while manufactured products saw an inflation rate of 7.48%. Retail inflation was reported at 3.93%.

13 June 2026 BANKING

The Monetary Policy Committee (MPC) of the RBI, chaired by Governor Sanjay Malhotra, held its second bi-monthly meeting for FY27. The committee unanimously voted to maintain the policy repo rate at 5.25% and retained a ‘neutral’ stance.

The RBI has maintained other key policy rates: Standing Deposit Facility (SDF) rate at 5%, Marginal Standing Facility (MSF) rate at 5.5%, Bank Rate at 5.5%, Cash Reserve Ratio (CRR) at 3%, and Statutory Liquidity Ratio (SLR) at 18%. The real GDP growth projection for India for FY27 is revised to 6.6% from 6.9%.

The quarterly real GDP growth is projected at 6.6% for Q1, 6.3% for Q2, 6.5% for Q3, and 6.8% for Q4. The Consumer Price Index (CPI) inflation projection is increased to 5.1% from 4.6%, and core inflation to 4.7% from 4.4%. Additionally, the baseline crude oil price projection is revised to $95 per barrel, up from $85 per barrel.

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