Focus must stay on core inflation, says RBI governor Shaktikanta Das

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Headline retail inflation may have fallen within the Reserve Bank of India’s (RBI’s) tolerance band, but core inflation remains uncomfortably high and the central bank’s focus is on the metric, Governor Shaktikanta Das said on Friday.
 

“Core inflation is around 6.1 per cent, and the previous month (it) was about 6 per cent. Although the momentum of core inflation within that seems to have slightly moderated, the point remains that core inflation remains sticky at 6 per cent and that is not a very comfortable number to deal with,” Das said at Business Today’s Banking and Economy Summit.

“… We