Inflation quickens to an almost 8-year high, less impact on low income households says Finance Ministry
2 years, 8 months ago

Inflation quickens to an almost 8-year high, less impact on low income households says Finance Ministry

The Hindu  

Inflation faced by Indian consumers shot up to a nearly eight-year high of 7.8% in April from 6.95% in March, with rural inflation accelerating to 8.4% and urban parts of the country experiencing 7.1% inflation, as per data released by the National Statistical Office on Thursday. Economists said the sharp jump in retail inflation explains the central bank’s rush to raise interest rates in an off-cycle meeting last week and is likely to be backed by another rate hike in the coming monetary policy review of June. Less impact on low-income strata: Finance Ministry While the Finance Ministry didn’t react to April’s inflation numbers, it said in a report that the risk of sustained high inflation is low for India as aggregate demand recovery remains slow. India’s inflation experience has not been as bad as several advanced nations and rising prices have had a lesser impact on lower income households in the country than high-income ones, the ministry argued in its monthly economic review for April.

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Core Inflation Dips to 5.22 Percent in Dec Amid Falling Food Prices
Trending News
1 day, 17 hours ago

Core Inflation Dips to 5.22 Percent in Dec Amid Falling Food Prices

Deccan Chronicle  

New Delhi: Bringing the Reserve Bank of India’s tolerance band back to the limit of 2- 6 per cent, India’s headline retail inflation rate, measured by the consumer price index or CPI, for December stood at 5.22 per cent, dipping marginally from 5.48 per cent in November, while the November’s CPI also fell from a 14-month high of 6.21 per …

Retail inflation eases to four-month low of 5.22% in December 2024
1 day, 21 hours ago

Retail inflation eases to four-month low of 5.22% in December 2024

The Hindu  

India’s retail inflation eased a bit to a four-month low of 5.22% in December 2024 from 5.5% in November 2024, with food inflation cooling marginally from 9.04% in November to 8.4% last month, the National Statistics Office said on Monday. With December’s inflation print, India’s Consumer Price Inflation has averaged 5.63% in the third quarter of 2024-25, just a little …

India’s retail inflation moderates to four-month low of 5.22% in December driven by easing food prices
Trending News
1 day, 21 hours ago

India’s retail inflation moderates to four-month low of 5.22% in December driven by easing food prices

Live Mint  

New Delhi: India's retail inflation eased to a four-month low in December, driven by a slower increase in food prices, according to provisional government data released on Monday. A Mint poll of 25 economists had estimated retail inflation at a four-month low of 5.3% in December, driven by the seasonal decline in food prices. "In the months ahead, food inflation …

India’s inflation likely eased to 5.3% in December: Mint poll
5 days, 7 hours ago

India’s inflation likely eased to 5.3% in December: Mint poll

Live Mint  

India’s retail inflation likely moderated to a four-month low of 5.3% in December, down from 5.5% in November, driven by the seasonal decline in food prices, according to the median estimate of 25 economists in a Mint poll. If the poll’s median estimate proves accurate, it would lead to an average of 5.7% in the October-December quarter, which will be …

Revise India’s inflation gauge but handle the revision with care
1 week ago

Revise India’s inflation gauge but handle the revision with care

Live Mint  

The remarkable insights into the changing pattern of household consumption thrown up by the latest Household Consumption Expenditure Survey 2023-24 are of special relevance for a wide range of policy decisions. In recent months, Union ministers have expressed qualms over RBI’s apparent unwillingness to look through inflation driven by food prices in its formulation of monetary policy. In December, the …

Falling core inflation raises odds of RBA trimming interest rates in February
1 week ago

Falling core inflation raises odds of RBA trimming interest rates in February

ABC  

A fall in the Reserve Bank's preferred measure of consumer price rises has increased the odds of an interest rate cut in February, despite an increase in headline inflation. AMP's deputy chief economist Diana Mousina believes the RBA will probably cut interest rates if the annual core inflation rate in the December quarter numbers, due towards the end of this …

India’s central bank should lead the policy easing cycle that its economy needs
1 week ago

India’s central bank should lead the policy easing cycle that its economy needs

Live Mint  

The coming weeks will see two important policy events. “The hardening of input costs across goods and services and their flow into selling prices needs to be watched carefully," the Indian central bank said in its November review of the economy. This column had argued before the December meeting of the monetary policy committee that there is a compelling reason …

Indira Rajaraman: It pays to track of popular perceptions of public policy
1 week, 5 days ago

Indira Rajaraman: It pays to track of popular perceptions of public policy

Live Mint  

Public policy is so termed because it is done for us the people, the public. The Reserve Bank of India conducts a six-monthly survey of 3-month and 1-year ahead inflation expectations, termed Subjective Inflation Expectations in the economics literature. The average expectation across households in the sample, hovering around 10 % over the last ten years, has consistently remained well …

Vocal on growth, silent on inflation
3 weeks ago

Vocal on growth, silent on inflation

The Hindu  

In November, a Cabinet Minister reportedly stated at a press conference that the Reserve Bank of India should focus on growth and not be concerned with food price inflation. From the data in the Ministry of Statistics and Programme Implementation’s ‘National Accounts Statistics 2024’, we can see a correlation between the rise in food price inflation from 2019-20 onwards and …

Price stability crucial for India’s economic growth, says RBI
3 weeks, 4 days ago

Price stability crucial for India’s economic growth, says RBI

Live Mint  

The foundations for high growth in the Indian economy can be achieved through durable price stability, the monetary policy committee of the Reserve Bank of India said. "The MPC emphasises that strong foundations for high growth can be secured only with durable price stability," the minutes of the Monetary Policy Committee meeting held in December said. "The MPC also decided …

Federal Reserve’s preferred inflation gauge shows price pressures eased last month
3 weeks, 4 days ago

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

Associated Press  

WASHINGTON — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known …

Federal Reserve’s preferred inflation gauge shows price pressures eased last month
3 weeks, 5 days ago

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

LA Times  

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known as the …

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves
Trending News
4 weeks ago

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves

Daily Mail  

Inflation rose for the second month in a row in November, hitting 2.6 per cent to further increase pressure on Labour Chancellor Rachel Reeves over her Budget's impact on the country. Spikes in petrol and tobacco prices drove CPI to 2.6 per cent, up from 2.3 per cent in October, the Office for National Statistics said. Ms Reeves said: 'I …

Will India's economic growth pick up pace? Nirmala Sitharaman answers
4 weeks, 1 day ago

Will India's economic growth pick up pace? Nirmala Sitharaman answers

India Today  

Finance Minister Nirmala Sitharaman on Tuesday said that India’s economy will see healthy growth in the coming quarters despite the lower-than-expected GDP numbers for the second quarter. India’s GDP growth for the July-September quarter fell sharply to 5.4% from 6.7% in the previous quarter, marking an 18-month low, as per data released by the National Statistics Office in November. However, …

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices
4 weeks, 1 day ago

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices

Deccan Chronicle  

New Delhi: With the decline of prices of food items, especially vegetables and onions, India’s wholesale price index or WPI-based inflation fell to a three-month low of 1.89 per cent in November, down from 2.36 per cent in October, while the WPI-based inflation stood at 0.39 per cent in November last year, the government data showed on Monday. As per …

WPI inflation declines to 3-month low of 1.89% on cheaper food
4 weeks, 1 day ago

WPI inflation declines to 3-month low of 1.89% on cheaper food

Live Mint  

New Delhi: The annual inflation rate based on the all-India Wholesale Price Index eased to 1.89% in November, down from 2.36% in October, driven by lower food prices. “WPI inflation eased to 1.9% in November 2024 from 2.4% in October, driven by a moderation in food inflation, which fell to 8.9% from 11.6%. As per Consumer Price Index data released …

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
4 weeks, 1 day ago

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October

Firstpost  

Headline retail inflation, the key target for the Reserve Bank of India’s monetary policy decisions, eased to 5.48% in November, down from 6.21% in the prior month India’s wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices, government data showed on Monday. The wholesale inflation rate, a proxy …

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
4 weeks, 2 days ago

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

The Hindu  

India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month …

India’s benchmark indexes log longest weekly winning run since July
1 month ago

India’s benchmark indexes log longest weekly winning run since July

Live Mint  

By Bharath Rajeswaran and Indranil Sarkar -Indian equity benchmarks ended higher on Friday, buoyed by consumer stocks on easing domestic retail inflation, and logged their fourth straight weekly gain - the longest such streak since July end. Data on Thursday showed India's retail inflation eased in November, boosting expectations of an interest rate cut by the central bank in February. …

India bond yields seen a tad higher ahead of debt supply
1 month ago

India bond yields seen a tad higher ahead of debt supply

Live Mint  

By Dharamraj Dhutia MUMBAI, Dec 13 - Indian government bonds are expected to rise marginally in early deals on Friday, as market participants await a fresh supply of debt through the weekly auction, while elevated U.S. yields will continue to weigh on sentiment. New Delhi aims to raise 370 billion rupees through the sale of bonds later in the day, …

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut
Trending News
1 month ago

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut

Live Mint  

As luck would have it, Sanjay Malhotra’s assuming charge of the Reserve Bank of India has been accompanied by a notable drop in inflation. Measured by the consumer price index, India’s inflation rate fell to 5.5% in November, compared with 6.2% in October, according to government data released on Thursday. October’s reading was the highest in 14 months, but November’s …

Retail inflation slows down in November
1 month ago

Retail inflation slows down in November

Deccan Chronicle  

New Delhi: With the significant easing of food prices, especially vegetables, India’s retail inflation slowed to 5.48 per cent in November as compared to 6.21 per cent in October. “But the CPI-based headline inflation increased from an average of 3.6 per cent during July-August to 5.5 per cent in September and further to 6.2 per cent in October 2024, the …

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
1 month ago

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high

Firstpost  

These positive developments come as India grapples with a seven-quarter low in real GDP growth, which fell to 5.4 per cent in the July-September period, down from 6.7 per cent in the previous quarter In positive developments for the Indian economy, the country’s retail inflation cooled, while industrial production saw an uptick, according to recently released data. Food inflation eases …

Consumer inflation moderates slightly to 5.5% in November
1 month ago

Consumer inflation moderates slightly to 5.5% in November

The Hindu  

India’s retail inflation cooled slightly to 5.5% in November from a 14-month high of 6.2% in October, but remained significantly elevated for rural consumers at 5.95%, while dropping to 4.8% for their urban counterparts. “The decline in inflation in November 2024 is mainly due to decline in inflation in ‘food & beverages’ group,” the National Statistics Office said, pointing to …

Retail inflation slows slightly at 5.48%
1 month ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October
1 month ago

India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October

Live Mint  

Hopes of an early rate cut were rekindled on Thursday as retail inflation fell back within the central bank's tolerance band in November, while factory output hit a three-month high in October, in good news for the economy that slowed in the second quarter. Retail inflation based on the consumer price index fell to a three-month low of 5.48% in …

US wholesale inflation surged higher in November
Trending News
1 month ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

Retail inflation eases to 5.48% in November from above 6% in October
1 month ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

Retail inflation data today. 3 things you should know
1 month ago

Retail inflation data today. 3 things you should know

India Today  

The retail inflation data for November is set to be released on Thursday, and all eyes are on the figures after October’s inflation rate climbed to a 14-month high, owing to a rise in food prices, especially vegetable prices. OCTOBER’S INFLATION BREACHES RBI TOLERANCE LEVEL In October, inflation rose to 6.2%, surpassing the Reserve Bank of India's upper tolerance threshold …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
1 month ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

India’s Inflation Story: Here are five key things you should know
1 month ago

India’s Inflation Story: Here are five key things you should know

Live Mint  

India's inflation is at its 14-month peak, according to October 2024 data from the Ministry of Statistics and Programme Implementation. According to data released by the Ministry of Statistics and Programme Implementation on November 12, India's consumer price index inflation rose to 6.2 per cent in October 2024, compared to 5.49 per cent in September 2024. Finance Ministry's Inflation Target: …

Inflation likely eased to 5.5% in November: Mint poll
1 month ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
1 month ago

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead

CNN  

CNN — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. “We have some PTSD around egg prices from the pandemic and certainly lingering avian flu outbreaks; but those prices being up almost 40% year over year certainly is another thing people will look at in …

​Staying the course: On the RBI and inflation
Trending News
1 month, 1 week ago

​Staying the course: On the RBI and inflation

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee, in its latest bi-monthly review, has decided to maintain status quo on the benchmark interest rate of 6.50% for the eleventh consecutive time. India’s retail inflation, after trending below the median 4% target, for the first time in five years, for two months, spiked over September and October, with food prices leading …

RBI MPC Dec 2024: Retail Inflation Estimate For FY25 Raised To 4.8 Per Cent, Food Prices To Remain Higher
1 month, 1 week ago

RBI MPC Dec 2024: Retail Inflation Estimate For FY25 Raised To 4.8 Per Cent, Food Prices To Remain Higher

ABP News  

The Reserve Bank of India ’s Monetary Policy Committee decided to maintain the status quo on key rates and keep the repo rates unchanged at 6.5 per cent. Sharing the projections about inflation levels in the economy, Governor Shaktikanta Das said that the retail inflation rate for the 2024-25 fiscal year is now estimated to be at 4.8 per cent. …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
1 month, 1 week ago

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a two-day review meeting amid recent worrying prints of headline inflation and gross domestic product. “However, with the GDP growth print sharply undershooting the MPC's expectations, a February 2025 rate cut may be …

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25
1 month, 1 week ago

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25

India TV News  

The Reserve Bank of India on Friday slashed its growth projection for the current fiscal year 2024-25 to 6.6 per cent from its earlier estimate of 7.2 per cent, citing a slowdown in economic activity and persistent high food prices. RBI cuts CRR to 4 per cent Meanwhile, to ease the potential liquidity stress, the Reserve Bank also slashed the …

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
1 month, 1 week ago

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?

India Today  

The Reserve Bank of India’s Monetary Policy Committee began its three-day meeting on Wednesday, setting the stage for a critical decision on the repo rate, which will be announced on December 6 at 10 AM. The meeting takes place amid growing calls from experts and leaders for a rate cut to support India’s slowing economic growth. Piyuh Goyal has even …

Monetary policy review: RBI should stick to its price stability mandate
1 month, 1 week ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

Is MPC doing enough on inflation? Consumers are divided
1 month, 1 week ago

Is MPC doing enough on inflation? Consumers are divided

Live Mint  

Mumbai: For the past 30 months, the Reserve Bank of India’s monetary policy committee has been fighting hard to bring inflation within its medium-term target of 4%. Nearly half of the total respondents surveyed favoured lower inflation and higher interest rates, and only 22% support the reverse. Governor Shaktikanta Das has repeatedly warned since the last policy that cutting rates …

India factory growth softened in Nov on high inflationary pressures
1 month, 1 week ago

India factory growth softened in Nov on high inflationary pressures

Deccan Chronicle  

India's factory growth cooled in November yet maintained a strong pace, leading to significantly improved optimism despite demand easing a bit due to higher price pressures, a business survey found.Asia's third-largest economy expanded a lacklustre 5.4% in the July-September quarter, official data showed on Friday, led by tepid growth in manufacturing and consumption. The rate was much lower than the …

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
1 month, 2 weeks ago

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February

ABP News  

The Reserve Bank of India is expected to maintain its key policy rate at 6.50 per cent during its upcoming December 4-6 meeting, according to a Reuters poll. A sharp rise in inflation, driven by soaring food prices, has led several economists to revise their forecasts for the first rate cut in the cycle from December to February. RBI Governor …

Soft landing? Not so fast: Inflation heated back up in October
1 month, 2 weeks ago

Soft landing? Not so fast: Inflation heated back up in October

CNN  

CNN — The Federal Reserve’s favored inflation gauge just moved in the wrong direction. “The big picture is inflation is still a risk; that hasn’t changed,” Elizabeth Renter, senior economist at NerdWallet, told CNN in an interview. “The disinflationary trend that we saw earlier this year has effectively stalled as we head into what’s likely going to be a bumpy …

India Expects Relief in Food Inflation with Strong Kharif Harvest
1 month, 2 weeks ago

India Expects Relief in Food Inflation with Strong Kharif Harvest

Deccan Chronicle  

As per the report, India’s retail inflation jumped to 6.21 percent in October, a 14-month high, driven by elevated food inflation in a few vegetables. A bumper kharif harvest is expected to lower food inflation in the coming months," it said, adding that a favourable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost rabi sowing …

Food Inflation To Calm Down In Next Few Months, Says Finance Ministry’s Report
1 month, 2 weeks ago

Food Inflation To Calm Down In Next Few Months, Says Finance Ministry’s Report

ABP News  

The finance ministry in its latest economic review for October revealed that food inflation is expected to slowdown in the upcoming months. “Supply disruptions from heavy rains in major producing states contributed to price pressures in tomatoes, onions, and potatoes, while elevated global prices drove up oil and fat inflation,” the ministry in the review stated. The report, released by …

Govt evaluating impact of PDS ration on inflation
1 month, 3 weeks ago

Govt evaluating impact of PDS ration on inflation

Hindustan Times  

New Delhi When Dubai got selected as the host for the World Expo 2020, Baskin Robbins declared it would serve everyone who walked into their outlets in the UAE a free scoop of ice-cream. India offers food grains to nearly 813 million needy people at zero price, or for free, under the National Food Security Act 2013. On Wednesday, officials …

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy, RBI says
1 month, 3 weeks ago

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy, RBI says

Hindustan Times  

The Reserve Bank of India said if inflation is allowed to run unchecked, it can undermine the prospects of India's economy, especially for industry and exports. The Reserve Bank of India seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016 This comes after the headline consumer price index inflation rose above the upper …

Govt may include e-commerce data, expand coverage to improve calculation of retail inflation
1 month, 3 weeks ago

Govt may include e-commerce data, expand coverage to improve calculation of retail inflation

Live Mint  

New Delhi: The government has proposed including e-commerce data to prepare a new base year to measure retail inflation, as part of a broader initiative to better reflect contemporary consumer spending patterns. The proposed revisions to the Consumer Price Index include leveraging modern data collection techniques such as sourcing price information from e-commerce platforms, expanding coverage beyond the major cities, …

India’s central bank should adhere to its inflation-targeting mandate
Trending News
1 month, 3 weeks ago

India’s central bank should adhere to its inflation-targeting mandate

Live Mint  

Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting. After commerce and industry minister Piyush Goyal and then finance minister Nirmala Sitharaman called for lower interest rates, on Tuesday chief …

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA
1 month, 3 weeks ago

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA

Deccan Chronicle  

Mumbai: Chief Economic Adviser V Anantha Nageswaran on Tuesday said that the recent rise in Consumer Price Index -based inflation is primarily driven by a select few commodities. Nageswaran explained that excluding tomatoes, onions, potatoes, and gold and silver from the CPI calculation reveals a much lower headline inflation rate of just 4.2 per cent for October. While these items …

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