Mumbai, August 5 (IANS) The Reserve Bank of India (RBI) on Wednesday projected consumer price inflation at 5 per cent for FY27, while expecting it to rise further in the near term. Moreover, Q1 inflation was 30 basis points lower than the RBI's earlier projection, reflecting limited pass-through of input cost pressures, he noted. Excluding precious metals, core inflation was even lower at 2.3-2.5 per cent, indicating that broader demand-side inflationary pressures remain subdued. In addition, the RBI has projected CPI inflation at 5 per cent for FY27, with quarterly projections of 4.7 per cent in Q2, 5.9 per cent in Q3 and 5.5 per cent in Q4. The Governor added that growth remains resilient, supported by steady domestic demand, sustained expansion in manufacturing and services activity, healthy investment trends and robust exports.