The Centre on Wednesday notified the inflation target, keeping it unchanged at 4%, with a tolerance band of two percentage points on either side for the next five years ending March 31, 2031. Assessments of the framework indicate that this target band has effectively anchored inflation expectations between 2016 and 2026. Even during major disruptions, including the pandemic and the ensuing volatility in prices, the government retained the framework, underscoring its commitment to macroeconomic stability and policy credibility.