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Retail inflation for farm workers and rural labourers eased marginally to 7.37 per cent and 7.12 per cent, respectively in August this year
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New Delhi: Retail inflation for farm and rural workers inched up to 7.43 per cent and 7.26 per cent in July compared to 6.31 per cent and 6.16 per cent, respectively, in June this year, mainly due to higher prices of certain food items. “Point-to-point rate of inflation based on the CPI-AL and CPI-RL stood […]
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India's retail inflation measured by consumer price index (CPI), saw a huge rise to 7.44 per cent in July owing to hike in food prices
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According to the rating agency's report, food inflation in India, which accounts for a sizeable 39 per cent of the headline Consumer Price Index (CPI), is showing renewed signs of pressure
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Retail inflation for industrial workers inched up to 5.57 per cent in June compared to 4.42 per cent in May this year
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Retail inflation for February 2023 fell marginally to 6.44 per cent compared to 6.52 per cent in January 2023
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According to Chowdhury, the fall in retail inflation has been due to the quick drop in vegetable prices which is a seasonal phenomenon apart from the continuing softness in edible oil prices.
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The price rise has been sharper in rural India. National Statistics Office showed consumer price index-based inflation (CPI) in rural India surged to 7.56 per cent in September while for urban India it stood at 7.27 per cent.
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New Delhi: India’s retail inflation fell to 6.71 per cent in July, the lowest level in five months, helped by an easing in food and oil prices, as per the National Statistical Office (NSO) data released this Friday. With this, retail inflation has been over the Reserve Bank of India’s upper tolerance band of 6 […]
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New Delhi: India’s retail inflation for May moderated from the previous month and came in at 7.04 per cent. However, it remained above RBI’s 6 per cent upper tolerance band for a fifth month in a row, data released on Monday showed. The retail inflation stayed well above the RBI’s tolerance limit due to high […]
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New Delhi: India’s retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed. The retail inflation stayed well above the Reserve Bank of India’s upper tolerance limit for a fourth consecutive month due to high […]
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Mumbai: The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. The RBI Governor-headed […]
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New Delhi: Former Congress president Rahul Gandhi hit out at the BJP-led Centre on Tuesday over high inflation and reduced rates of fixed deposits and provident fund, and said the common people are facing the consequences of its wrong policies. He also asked if it was not the responsibility of the government to provide relief […]
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New Delhi: As higher oil prices torpedo economic recovery worldwide, Morgan Stanley has cut India’s GDP forecast for the fiscal year beginning April 1 by 50 basis points to 7.9 per cent, raised retail inflation projection to 6 per cent and expects current account deficit to widen to 3 per cent of GDP. “Even as […]
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New Delhi: India’s retail inflation for January, which is scheduled to be announced later in the day, might have accelerated to six per cent, the upper tolerance limit of the central bank, the Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday. “Today’s inflation print is expected to be close to six per […]
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Besides, inflation projection for 2021-22 is retained at 5.3 per cent, with Q4FY22 at 5.7 per cent on account of unfavourable base effects that are expected to ease subsequently.
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In the previous Monetary Policy Committee (MPC) meeting in June, the RBI's CPI inflation projection for the current fiscal stood at 5.1 per cent.
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Food inflation stood at 5.26 per cent last month against 4.78 per cent in April 2021 and 5.88 per cent in the corresponding month a year ago.
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The Consumer Price Index (CPI)-based inflation hit a six-month high of 6.3 per cent in May, from 4.3 per cent in April.
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As per the data released by the National Statistical Office (NSO), inflation in the food basket was 5.01 per cent in May, significantly up from 1.96 per cent in the preceding month.