The Reserve Bank is expected to meet its target ‘comfortably’ as CPI inflation is likely to remain well below 5 per cent over the first half of 2017, an HSBC report says.According to the global financial services major, food prices have remained low over the first 10 days of December and it is getting increasingly likely that the RBI will meet its ‘5 per cent by March’ CPI target comfortably. “We expect CPI inflation to remain well below 5 per cent over the first half of 2017,” HSBC said. Retail inflation fell to a two-year low of 3.63 per cent in November following the Centre’s demonetisation drive that led to lower consumer spending on various food items including vegetables.