Inflation may dip far below RBI projections in FY26 & FY27: SBI
The State Bank of India predicts inflation in FY26 and FY27 will be significantly lower than the Reserve Bank of India's projections. Backed by strong monsoon progress, higher kharif sowing, foodgrain reserves, and GST rationalisation, price pressures are easing. RBI recently cut its FY26 CPI inflation forecast to 2.6%, but SBI expects even lower levels.