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A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. | Photo Credit: Sushil Kumar Verma A 10.9% spike in food prices lifted India’s retail inflation…
Read More “India’s retail inflation surges to 6.2% in October” »
Photo used for representation purpose only. File | Photo Credit: Sushil Kumar Verma India’s retail inflation shot back to a nine-month high of 5.5% in September, from 3.65% in August, thanks to a resurgence in food price rise to 9.24% after two months under the 6% mark. For rural consumers, inflation neared the 6% mark…
Read More “Retail inflation shoots back to nine-month high of 5.5%” »
RBI Monetary Policy: The repo rate is the interest rate at which the RBI lends money to commercial banks. The Reserve Bank of India’s Monetary Policy Committee (MPC) wrapped up its three-day deliberations today, deciding to maintain the repo rate at 6.5 per cent for the fourth consecutive time this fiscal year and the tenth…
Food inflation, which stood at 6.6% in FY23, increased to 7.5% in FY24. New Delhi: The central government’s timely interventions and stability measures by the Reserve Bank of India (RBI) helped maintain retail inflation at 5.4% despite the pandemic and geopolitical tensions, according to the Economic Survey 2024. Headline inflation, which the RBI expects at…
Read More “Why Are Food Prices Rising? Centre Answers In Key Document Before Budget” »
A fruit vendor tends to customers at a fruit and vegetable wholesale market in Mumbai, India, February 8, 2023. | Photo Credit: Reuters Retail inflation increased to 5.08% in June as kitchen items became dearer, according to government data released on July 12. The Consumer Price Index (CPI) based retail inflation was 4.8% in May…
Headline inflation has slowed in India mainly because of lower food prices, but the volatility of these prices remains an issue, Moody’s Ratings said. | Photo Credit: PTI Volatile and high food prices remain a concern, but base effects may help temper India’s retail inflation pace in June and possibly even cool it below 4%…
Read More “‘Food prices a worry but June inflation may not exceed 5%’” »
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…
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” »
Photo used for representation purpose only. | Photo Credit: Reuters India’s economy is expected to remain robust over the next two years even though headline growth in the country’s Gross Domestic Product (GDP) is forecast to slow from 7.6% in 2023-24 to 7% this year before improving to 7.2% in 2025-26, the Asian Development Bank…
Read More “ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year” »
Prices of food remained elevated. File | Photo Credit: SUSHIL KUMAR VERMA India’s retail inflation remained virtually unchanged at 5.09% in February from 5.10% in January, even as food prices paid by consumers rose from 8.3% to 8.66%, the National Statistical Office said on March 12. The industrial output growth slowed to 3.8% in January,…
Read More “Retail inflation eases marginally to 5.09% in February” »