# RBI MPC Meet: Committed to bring inflation back to target of 4% on a durable basis, says RBI governor  - BusinessToday

> The Reserve Bank of India said it remains committed to bringing inflation back to its 4% target on a durable basis after its June 5-7 policy meeting. It kept its FY25 CPI projection unchanged at 4.5%, and noted that food inflation remains elevated.

- Date: 2024-06-07 · published 2024-06-07T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/29730-rbi-mpc-meet-committed-to-bring-inflation-back-to-target-of-4-on-a-durable
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Persistent food inflation keeps India's policy stance cautious, which can influence rupee and domestic food demand but has little direct effect on global grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-01-05 | [Government sees inflation's peak as it misses target for second straight year \| Philstar.com](https://feedsoft.ai/events/12192-government-sees-inflation-s-peak-as-it-misses-target-for-second-straight-year.md) | -0.2% | +1.6% |
| RICE | 2018-09-08 | [Fact check: Is Trump to blame for spiraling Philippine inflation? \| Philstar.com](https://feedsoft.ai/events/63118-fact-check-is-trump-to-blame-for-spiraling-philippine-inflation-philstar-com.md) | -1.7% | -0.2% |
| RICE | 2025-08-21 | [Japan core inflation dips to lowest since March as rice prices cool](https://feedsoft.ai/events/11824-japan-core-inflation-dips-to-lowest-since-march-as-rice-prices-cool.md) | -4.4% | -4.4% |
| RICE | 2026-06-03 | [India's inflation might move higher to 5% in FY27 led by food, energy prices: BoB report - The HinduBusinessLine](https://feedsoft.ai/events/18742-india-s-inflation-might-move-higher-to-5-in-fy27-led-by-food-energy-prices-bob.md) | -2.1% | +1.6% |
| RICE | 2019-03-22 | [Strong rupee pushes rice prices to seven-month high, dampening exports \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/60167-strong-rupee-pushes-rice-prices-to-seven-month-high-dampening-exports-commodity.md) | -1.6% | -6.0% |
| WHEAT | 2020-10-22 | [Goldman Sachs: Commodities bull market ahead on dollar, inflation risk](https://feedsoft.ai/events/50555-goldman-sachs-commodities-bull-market-ahead-on-dollar-inflation-risk.md) | -0.5% | -4.7% |
| WHEAT | 2026-06-03 | [India's inflation might move higher to 5% in FY27 led by food, energy prices: BoB report - The HinduBusinessLine](https://feedsoft.ai/events/18742-india-s-inflation-might-move-higher-to-5-in-fy27-led-by-food-energy-prices-bob.md) | -1.1% | +1.1% |
| WHEAT | 2021-04-30 | [Inflationary Signs Are Everywhere In The Commodities Market \| Investing.com](https://feedsoft.ai/events/47516-inflationary-signs-are-everywhere-in-the-commodities-market-investing-com.md) | -5.5% | -5.0% |

## Sources

- businesstoday.in: https://www.businesstoday.in/india/story/rbi-mpc-meet-committed-to-bring-inflation-back-to-target-of-4-on-a-durable-basis-says-rbi-governor-432474-2024-06-07

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.