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      Question

      With reference to the Monetary Policy Committee

      decision, according to the inflation outlook, what is the projected CPI inflation rate for Q1 FY27?
      A 3.8% Correct Answer Incorrect Answer
      B 4.0% Correct Answer Incorrect Answer
      C 4.2% Correct Answer Incorrect Answer
      D 4.5% Correct Answer Incorrect Answer
      E 3.5% Correct Answer Incorrect Answer

      Solution

      The Consumer Price Index (CPI) inflation projection for Q1 FY27 is 4.0%. Additionally, Q2 FY27 is projected at 4.2%. The inflation outlook suggests inflation will remain benign and close to the target. The upward revision in inflation projections was partly attributed to precious metal prices, which had an estimated impact of 60–70 basis points.

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