Stay Connected. Stay Informed.
The problem of high food inflation will be “less severe” in India going ahead, as modern supply chains with diversified sources can help quickly address sudden spikes in prices of specific food items, RBI Monetary Policy Committee (MPC) member Ashima Goyal said on April 25. Stressing that the share of food in the household budget…
Pressure on food prices has been interrupting India’s ongoing disinflation process (Representational) New Delhi: Morgan Stanley is firm on India’s growth outlook, given the support it is getting from domestic demand. Citing high-frequency data, the global investment banking firm said it remains constructive on the growth outlook. Against that backdrop, it expects India’s GDP growth…
Read More “Strong Domestic Demand Supporting India’s Growth: Morgan Stanley” »
A similar easing was recorded in pulses, whose prices rose 17.7% in March, 2024, from 18.5% in February. | Photo Credit: Sushil Kumar Verma India’s retail inflation moderated to a ten-month low of 4.85% in March from 5.1% in February, but food inflation remained sticky at 8.52%, little changed from the 8.66% recorded in the…
Read More “Inflation drops to 10-month low in March 2024, but no relief on food bills yet” »
Retail inflation eased to a three-month low, official data show. File | Photo Credit: Special Arrangement India’s retail inflation eased to a three-month low of 5.1% in January from 5.7% a month earlier, with food price rise cooling a bit to 8.3% compared with 9.5% in December 2023. January’s headline inflation pace is slightly higher…
Read More “2024 brings breather on inflation but food prices are still sticky” »
The Congress on Sunday alleged that the government has mismanaged the economy across all sectors and since it is “too inept” in fixing issues such as unemployment and price rise, it is distorting the data instead. Congress general secretary Jairam Ramesh said now that the special session of Parliament is over, it is clear that…
Read More “Govt has ‘mismanaged’ economy across all sectors: Congress” »
RBI Governor said the central bank is committed to bringing down inflation to 4 per cent New Delhi: Reserve Bank Governor Shaktikanta Das today said the central bank is committed to bringing down inflation to 4 per cent and will remain watchful of risks as more frequent global supply shocks can have profound implications on…
Read More “RBI Committed To Bring Down Inflation To 4%: RBI Governor Shaktikanta Das” »
Grocery item put on display for sale at a market, in New Delhi. File | Photo Credit: Sushil Kumar Verma India’s inflation woes are not over yet but food price spikes may be “transitory”, the Finance Ministry said on August 22, attributing the latest spike in headline inflation to global uncertainties triggered by the termination…
Read More “Inflation pressures may linger, but food prices to cool soon: Finanace Ministry” »
The decline in the inflation rate in June is primarily due to a fall in prices of mineral oils, food products | Photo Credit: Reuters India’s wholesale prices remained in deflationary territory for the third successive month in June, with the pace of price contraction from a year ago quickening to -4.12% from -3.48% in…
Vegetables on sale at Azadpur Mandi in New Delhi on July 12, 2023. | Photo Credit: PTI India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs…
Read More “June 2023 inflation quickens to 4.8% as food prices climb” »
