RBI Policy: How has inflation fared since the last monetary policy meeting?

Ever since the RBI MPC started to hike the repo rate in May, CPI inflation has eased from 7.79 per cent in April to 7.01 per cent in June

The Reserve Bank of India (RBI) will hold its Monetary Policy Committee (MPC) meeting from August 3 to 5. The policy decisions will most likely be announced on Friday, August 5, by the RBI governor, Shaktikanta Das.

According to experts, as quoted in a Business Standard report, the RBI might hike the repo rate by 35-50 basis points. This will be done to control the inflation, which has stayed above RBI's upper tolerance limit of 6 per cent for six months now.

Also, inflation has stayed over 7 per cent for three months. In June, the consumer price index (CPI)-based