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Food inflation surged to a four-month high of 8.7% in April from 8.52% in March. Representational file image. | Photo Credit: Reuters Consumers faced a further acceleration in steep food prices in April, even as India’s overall retail inflation remained virtually unchanged at 4.83% last month, compared with 4.85% in March. Food inflation surged to…
FAO reports says prices of food remained elevated for second month. File | Photo Credit: SUSHIL KUMAR VERMA The United Nations food agency’s world price index rose for a second consecutive month in April as higher meat prices and slight gains for vegetable oils and cereals outweighed decreases for sugar and dairy products. The Food…
Read More “World food price index up for second month in April, says U.N. agency” »
The fall in household savings has been at the heart of recent debates in India. The decline in household savings is brought about by a drastic reduction in net financial savings as the household net financial savings to GDP ratio attained a four-decade low. Figure 1 shows the broad trend in household savings, physical savings…
Photo used for representation purpose only. A surge in cereal prices at a 12-month high enabled wholesale price inflation rise to a three-month high in March | Photo Credit: Sushil Kumar Verma India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%,…
Read More “Wholesale price inflation rises to three-month high of 0.53% in March” »
The retail inflation in February was 5.1%, while inflation in the food basket was at 8.66%. The Reserve Bank of India (RBI) on April 5 said food price uncertainties continue to weigh on the inflation trajectory going forward, even as it retained 4.5% retail inflation projection for the current fiscal. In its first bi-monthly monetary…
The spike in food prices has kept the Reserve Bank of India (RBI) worried even though overall inflation has moderated to a certain extent. On April 5, the Central bank’s Monetary Policy Committee decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the seventh time that…
Image for representation purpose only. FIle | Photo Credit: PTI India’s manufacturing sector activity surged in March with new orders and output levels rising at the fastest pace since October 2020, lifting the HSBC India Manufacturing Purchasing Managers Index (PMI) to a 16-year high of 59.1 from 56.9 in the previous month. A reading of…
Coming after a 11-year hiatus, the latest Household Consumption Expenditure Survey findings based on surveys conducted between August 2022 and July 2023, shall feed into a possible review of the Consumer Price Index. | Photo Credit: The Hindu India’s headline inflation is expected to trend down creating more room for monetary and fiscal policy to…
Read More “With food spends down in the country, growth may get leg-up” »
High inflation will dog the world economy next year, with three-quarters of over 200 economists polled by Reuters saying the main risk is that it turns out higher than they forecast, suggesting interest rates will also remain higher for longer. Several central banks are still expected to begin cutting interest rates by the middle of…
Read More “Inflation to dog world economy next year, postponing rate cuts” »
Oil pump jack is seen in front of displayed Israeli flag in this illustration taken, October 8, 2023. | Photo Credit: Reuters A protracted Israel-Hamas conflict could spur oil prices beyond India’s comfort zone and even if the government holds retail fuel prices ahead of critical elections, wholesale prices may spike and a higher import…