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Supply-side issues fuelling inflation, says RBI’s Patra

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RBI Deputy Governor Michael Patra on Friday stated supply-side issues, together with revenue maximisation at retailers’ finish, are hurting the inflation state of affairs, which has breached the central financial institution’s consolation degree previously few months.

There is a window for cooling off in costs introduced by the softness in vegetable costs in winters and arrivals of the kharif or summer season crop, Mr. Patra stated affirming the RBI is watchful of the demand-side issues.

“At current time, our assessment is that the large part of inflation pressures are emanating out of supply-side disruptions (like) at the level of retailer, very high margins being charged by the retailers and some amount of indirect taxes,” Mr. Patra instructed reporters.

He added, “if supply-side management is timely and effective, you will see the trajectory of inflation completely changing.”

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