Mumbai, Aug. 6 -- The Reserve Bank of India (RBI) has revised its Consumer Price Index (CPI) inflation projection for the financial year 2025-26 downward to 3.1% for the financial year 2026 (FY26), a significant reduction from the 3.7 per cent forecast made in June.

While announcing the outcome of meeting of Monetary Policy Committee (MPC) RBI Governor Sanjay Malhotra said, "CPI inflation for the current year 2025-26 is now projected at 3.1 percent. This is down from 3.7 percent that we had earlier projected in June."

According to the RBI Governor, headline CPI inflation declined for the eighth consecutive month, reaching a 77-month low of 2.1 per cent in June. This sharp moderation was largely driven by a decline in food inflation, whi...