RBI deputy governor, Subir Gokaran said in Mumbai on Sunday that headline inflation still remains well above the RBI's target of 5%. Although in order to curb inflation, the RBI has announced 13 consecutive rate hikes since March 2010, inflation still remains well above the RBI's comfort level of 5%.Speaking on the sidelines of a management event in Mumbai on Sunday, the RBI governor said that high inflation may not be generating the same kind of unrest these days like in the past, since rural wages have been rising at a faster clip annually. He said that it is puzzling to understand why the recent episodes of high inflation driven by food prices, have not evoked sharp provocation that had rocked the nation many times in the past 50-60 years. He pointed out that wages at the very bottom-end of the labour market have been rising at a rate which offsets the rising costs of living significantly.Despite headline inflation being 7.45 per cent in October people are actually feeling that they are better-off. He also announced that after two revisions, the RBI has now projected the year-end headline inflation at 7.5 per cent.