Job on inflation front not over, last mile of disinflation can be sticky: Das in MPC minutes

Subject: Economy

Section: Monetary Policy

Context:

The RBI Governor wrote that the current setting of monetary policy is moving in the right direction, with growth holding firm and inflation trending down to the target.

More on news:

Most of the members believed that though consumer price-based inflation (CPI) has eased from the heightened levels seen last summer, uncertainty over food price remains a major concern for headline inflation.
Of the six members of the rate-setting panel, five voted to keep the repo rate unchanged at 6.5 per cent and to maintain a status quo on the policy stance of withdrawal of accommodation.
Headline inflation rose from 4.9 per cent in October to 5.7 per cent in December, even as core inflation (CPI inflation excluding food and fuel) softened to a four-year low of 3.8 per cent.
Food price uncertainty remains a major source of volatility for headline inflation outlook.

About Disinflation:

Disinflation is a situation of decrease in the rate of inflation over successive time periods.
It is simply the slowing of inflation.
Central banks will fight disinflation by expanding its monetary policy and lowering interest rates.

About Headline Inflation:

Headline Inflation refers to the complete inflation figure including all goods and services within the consumer price index basket.
It encompasses all items, including those that are highly volatile, such as food and energy.