New Delhi: Reserve Bank of India RBI Governor Shaktikanta Das on Thursday announced the decisions taken in the MPC meeting (RBI MPC Meet 2024). Apart from this, RBI also released a survey report (RBI Survey Report) yesterday. According to this report, the inflation rate may be 8.2 percent in July. This survey was conducted in July 2024.

According to the survey report, the inflation rate may increase by 0.20 percent. The survey says that the inflation rate will increase in the next three months and one year.

The survey report shows that inflation is rising due to high general prices  However, in May 2024, people expected that inflation would soften due to softening of prices of goods. Inflation has increased due to the rise in prices of major products.

The survey was conducted in 19 cities

This survey of RBI was conducted in 19 major cities of the country. This survey was conducted between 2 to 11 July 2024, in which a total of 6,091 respondents participated.

RBI MPC

In the MPC meeting held in August, it has been decided to keep the repo rate stable. This time also the repo rate is stable at 6.5 percent. The repo rate was last reduced from 6.25 to 6.5 in February 2023. At the same time, regarding the inflation rate, the RBI Governor had said that inflation is expected to be 5.2 percent in the current financial year.