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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.
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The maximum upward pressure in current index came from 'fuel and light' group contributing 0.40 percentage points to the total change, it said.
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Mainly due to higher prices of certain food items.
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Reserve Bank of India (RBI) has kept the key repo rate unchanged at 4 per cent to support growth in the current situation.
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High prices of fuel and certain food items pushed index to 4.48% in February
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Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody's Analytics...
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Inflation based on food index of CPI-AL and CPI-RL is at 1.55 per cent and 1.85 per cent respectively in February 2021, a labour ministry statement said.
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According to the brokerage, despite March 2021 inflation tracking 5.5 per cent+, the RBI's Q4FY21 forecast could see a 25-30bps cut.
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The numbers in December 2020 had stood at 2.35 per cent and 3.34 per cent, respectively
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Point to point rate of inflation based on the CPI-AL and CPI-RL decreased to 3.25 per cent and 3.34 per cent in December 2020 from 6 per cent and 5.86 per cent respectively
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According to the Index of Industrial Production (IIP) data, manufacturing sector output shrank by 1.7 per cent in November 2020.
