The recent monthly bulletin from the Reserve Bank of India (RBI) has raised concerns about the impact of inflation on the real economy.

In October, there was a significant increase in Consumer Price Index (CPI) inflation, which has been described as a surprise.

The bulletin warns that if inflation is not controlled, it could have a negative effect on industrial prospects, export performance, urban consumption demand, and corporate earnings.

Deputy Governor Michael Patra, who is a member of the Monetary Policy Committee, co-authored the article, which emphasizes the need to remain vigilant and not become complacent, even if inflation is below the target in July and August.

The RBI's press release clarifies that the views expressed in the article do not represent the official stance of the central bank, but it highlights the importance of addressing inflationary pressures to maintain economic stability.