Too long a period for current food price shock to be termed as transitory, says RBI bulletin

New Delhi [India], July 18 (ANI): Faced with food inflation remaining at elevated levels consistently, the Reserve Bank of India on Thursday said that it is too long a period for a food price shock to be termed as transitory.

"The argument that food price shocks are transitory does not seem to be borne out by the actual experience over the past one year - too long a period for a shock to be termed as transitory!" the cent