Mumbai, Oct. 7 -- The Reserve Bank of India (RBI) projected Consumer Price Index (CPI) inflation at 5.2 per cent for FY27, with inflation expected to rise to 6 per cent in the third quarter, mainly due to broadening food and fuel price pressures and elevated supply-side risks.

RBI Governor Sanjay Malhotra, while announcing the Monetary Policy Committee (MPC) decision on Wednesday, said, "Considering all factors, CPI inflation for this year is projected to be 5.2 per cent, with Q2 at 4.9, Q3 at 6 and Q4 at 5.7 per cent, with the risks being evenly balanced. CPI inflation for the first quarter of the next year was projected at 5.6 per cent."

CPI inflation rose to 4.8 per cent in August from 4.5 per cent in July. "This was largely driven b...