Key facts
- RBI MPC raised FY27 inflation projection by 50 basis points.
- New FY27 inflation projection stands at 5.1%.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, has revised its inflation forecast for the fiscal year 2027. The committee has pegged the full-year Consumer Price Index (CPI) inflation for FY27 at 5.1%, an upward revision of 50 basis points from previous projections. This adjustment indicates a potentially more challenging inflation outlook for the upcoming fiscal year, which could influence future monetary policy decisions.