Nirmala Sitharaman acknowledges netizen’s request for relief to middle class. Check her response here
1 month ago

Nirmala Sitharaman acknowledges netizen’s request for relief to middle class. Check her response here

Live Mint  

Indian Finance Minister Nirmala Sitharaman, on November 17, responded to a netizen requesting some relief for the middle class amid rising inflation and prices in the country. I understand the immense challenges involved, but it’s just a heartfelt request.” Sitharaman responded positively to the post, thanking Sharma for acknowledging the challenges involved and stating that the central government is a "responsive one". Wholesale Inflation At 4-month High India's wholesale price index -based inflation rose to a four-month high of 2.36% in October due to rising food prices, showed the ministry of commerce and industry's provisional data on Thursday. Elevated food prices have also pushed India's retail inflation, based on the consumer price index, for the month to a 14-month high of 6.21%.

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History of this topic

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
1 week, 4 days 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 …

India Expects Relief in Food Inflation with Strong Kharif Harvest
4 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
4 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 …

Rising food prices push India’s wholesale inflation to four-month high in Oct
Trending News
1 month, 1 week ago

Rising food prices push India’s wholesale inflation to four-month high in Oct

Live Mint  

India's wholesale price index -based inflation rose to a four-month high of 2.36% in October due to rising food prices, showed the ministry of commerce and industry's provisional data on Thursday. On a year-on-year basis, the core WPI print rose to 0.3% in October," said Rahul Agrawal, senior economist, Icra Ltd. Elevated food prices have also pushed India's retail inflation, …

Spectre of food inflation haunts the economy again
1 month, 1 week ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation
1 month, 1 week ago

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation

Deccan Chronicle  

NEW DELHI: India’s industrial production witnessed a significant expansion by 3.1 per cent in September from a negative territory in August 2024 at 0.1 per cent, mainly due to improvement in the manufacturing sector. While headline retail inflation rose to 14-month high of 6.21 per cent in October from 5.49 per cent in the preceding month mainly due to higher …

India’s retail inflation surges to 6.2% in October
1 month, 1 week ago

India’s retail inflation surges to 6.2% in October

The Hindu  

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. October’s price rise pace marked a breach of the Reserve Bank of India’s upper tolerance limit for inflation, with rural India …

India’s 14-month high retail inflation fades hope of December rate cut
Trending News
1 month, 1 week ago

India’s 14-month high retail inflation fades hope of December rate cut

Live Mint  

New Delhi: India’s retail inflation accelerated in October to its highest in over a year largely due to heated food prices, tempering expectations of a rate cut when the central bank’s monetary policy panel meets early next month. India’s retail inflation also breached the Reserve Bank of India’s medium-term target of 2-6% for the first time in over a year—which, …

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge
1 month, 1 week ago

No relief for Indians, as inflation rise further to 5.81% in October because of food price surge

Live Mint  

Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Annual retail inflation as measured by the consumer price index likely rose a second straight month to 5.81% in …

Slide in tomato prices aid an 8% dip in vegetarian meal costs, CRISIL says
3 months, 2 weeks ago

Slide in tomato prices aid an 8% dip in vegetarian meal costs, CRISIL says

The Hindu  

A sharp 51% drop in tomato prices aided in an 8% decline in average vegetarian meal costs through August but onion and potato prices surged more than 50% and the actual price paid by consumers for a vegetarian plate of food remained the second highest over the past year at ₹31.2, just 4% below July levels, as per Crisil’s monthly …

NCAER sees ‘softer’ economic outlook in August data
3 months, 3 weeks ago

NCAER sees ‘softer’ economic outlook in August data

The Hindu  

The outlook for the Indian economy seems softer this month, with a few economic indicators weakening even as core inflation witnessed a slight uptick amid cooler headline inflation, the National Council of Applied Economic Research said on Wednesday. The Council said in its August review of the economy that high-frequency indicators reveal the domestic economy has remained resilient, but the …

Wholesale price inflation rises to 3.36% in June, highest in 16 months
5 months, 1 week ago

Wholesale price inflation rises to 3.36% in June, highest in 16 months

The Hindu  

Inflation in India’s wholesale prices accelerated to 3.4% in June, the highest in 16 months, from 2.6% in May, led by a spike in food inflation to 8.7% and a near-doubling in the rise of manufactured products prices to 1.43%. Pricier vegetables, cereals, and fruits spurred the rise in food prices paid by Indian consumers to a six-month high of …

India inflation seen up in June due to soaring vegetable prices: Reuters poll
5 months, 1 week ago

India inflation seen up in June due to soaring vegetable prices: Reuters poll

Hindustan Times  

By Vivek Mishra India inflation seen up in June due to soaring vegetable prices: Reuters poll BENGALURU - India consumer price inflation probably edged up in June, snapping five months of declines, largely because of a jump in vegetable prices caused by the damage to crops wrought by extreme weather, according to a Reuters poll of economists. The July 5-9 …

Wholesale price inflation rises to three-month high of 0.53% in March
8 months, 1 week ago

Wholesale price inflation rises to three-month high of 0.53% in March

The Hindu  

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%, primarily led by cereals prices surging at a 12-month high pace even as the inflation in paddy, potato and onions accelerated. For the full year 2023-24, wholesale prices remained in deflationary mode, averaging -0.7%, the lowest pace …

Retail inflation eases to four-month low of 4.87%
1 year, 1 month ago

Retail inflation eases to four-month low of 4.87%

The Hindu  

India’s retail inflation pace eased to a four-month low of 4.87% in October from a tad over 5% in September, with the rise in vegetables prices easing to 2.7% from 3.4% even though overall consumer food price inflation remained virtually unchanged at 6.6%. The Reserve Bank of India, which expects inflation to average 5.6% between October and December, is unlikely …

Inflation cooled to 5% in September
1 year, 2 months ago

Inflation cooled to 5% in September

The Hindu  

India’s retail inflation eased from 6.83% in August to 5.02% in September, breaking a two-month streak over the tolerance threshold of the Reserve Bank of India, with the rise in food prices easing to 6.6% from almost 10%. Rural inflation stood at 5.33% in September, compared to 7% in August, while the price rise faced by urban consumers moderated more …

India inflation eases significantly in August. Is the worst behind?
1 year, 3 months ago

India inflation eases significantly in August. Is the worst behind?

Live Mint  

Consumer Price Index -based inflation, or retail inflation, moderated to 6.83 per cent in August from a 15-month high of 7.44 per cent in July, thanks to a fall in vegetable prices, offering relief to the Reserve Bank of India and bond investors even though it remained above the RBI's target range of 2-6 per cent. As Mint reported earlier, …

A surge foretold: On inflation data
1 year, 4 months ago

A surge foretold: On inflation data

The Hindu  

The latest NSO data, showing retail inflation accelerating to a 15-month high, comes less than a week after the Reserve Bank of India left interest rates unchanged even as it warned of “a substantial increase in headline inflation” in the near term. The primary driver of this surge was the food price component, with the Consumer Food Price Index-based inflation …

India should brace for a food inflation spike
1 year, 4 months ago

India should brace for a food inflation spike

Hindustan Times  

Most analysts expect India’s benchmark inflation measure, as measured by the Consumer Price Index to breach the 6% threshold in July. In July, tomatoes have played a big role, continuing to sell at very high prices, with signs that onions could generate additional tailwinds for food inflation. While price pressures from perishables such as onions and tomatoes will eventually die …

Rising food prices may undo recent respite from inflation
1 year, 4 months ago

Rising food prices may undo recent respite from inflation

The Hindu  

India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India in July, owing to a broad-based uptick in food prices, and could remain sticky in coming months, economists reckon. Core inflation may ease State Bank of India group chief economic adviser Soumya Kanti Ghosh is not as sanguine and …

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data
1 year, 5 months ago

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data

The Hindu  

The latest Consumer Price Index data showing a resurgence in retail inflation proves exactly why the RBI’s monetary authorities have reiterated the need to keep the policy approach firmly tilted towards ensuring price stability. The food price inflation was broad-based with 10 of the 12 sub-groups witnessing year-on-year increases: cereals registered 12.7% price gains, eggs logged 7%, dairy experienced 8.56% …

Spiralling food prices: on the build-up of underlying inflation pressures
1 year, 5 months ago

Spiralling food prices: on the build-up of underlying inflation pressures

The Hindu  

Indian households find themselves yet again struggling to cope with a sharp surge in the prices of essential kitchen staples — ranging from tomatoes, onions and potatoes to tur dal and rice. Tomato prices have more than doubled month-on-month with the all-India average retail price as on June 29 soaring to ₹53.59 a kilogram, from ₹24.37 on May 29, data …

Economic crisis forcing many Pakistanis to end their lives
1 year, 9 months ago

Economic crisis forcing many Pakistanis to end their lives

Live Mint  

A resident of Surjani town in crisis-hit Pakistan, the sole earner of the family who was living in a rented house with his 35-year-old wife and two infant daughters, was struggling with inflation and unemployment. Police informed that the man along with three family members attempted suicide by consuming a poisonous substance allegedly due to increasing inflation. Last month, a …

DC Edit | Inflation cools; enrich middle classes now
1 year, 9 months ago

DC Edit | Inflation cools; enrich middle classes now

Deccan Chronicle  

India's consumer price index or retail inflation has decreased by eight basis points in February to 6.44 per cent from 6.52 per cent in January. The retail inflation, which the Reserve Bank of India tracks for its monetary policy, has remained above the central bank’s tolerance level of six per cent for the second month leading to worries of another …

Disconcerting dilation: The Hindu Editorial on January 2023 retail inflation hike
1 year, 10 months ago

Disconcerting dilation: The Hindu Editorial on January 2023 retail inflation hike

The Hindu  

Just five days after Reserve Bank of India Governor Shaktikanta Das asserted that inflation ‘has shown signs of moderation and the worst is behind us’, Monday’s release of Consumer Price Index estimates for January revealed a disconcerting reversal in price gains trend. With a 12.4% weight in the rural consumption basket, cereal prices fuelled January’s overall rural headline inflation at …

Amid economic turmoil, Pakistan likely to face shortage of ghee, cooking oil
1 year, 10 months ago

Amid economic turmoil, Pakistan likely to face shortage of ghee, cooking oil

India Today  

Amid economic turmoil in the country, traders in Pakistan have warned of a likely shortage of essential commodities. Prices were up 2.9 per cent in January from the previous month, Reuters quoted the Pakistan Bureau of Statistics 's statement. Urban core inflation rose 15.4 per cent year-on-year, and 1.4 per cent from December, while rural core inflation rose 19.4 per …

Vegetable prices help cool inflation in December 2022
1 year, 11 months ago

Vegetable prices help cool inflation in December 2022

The Hindu  

A steep 15.1% fall in vegetable prices in December 2022 drove down India’s retail inflation to a 12-month low of 5.72% — keeping it below the central bank’s 6% tolerance threshold for the second straight month after a ten-month streak above it. “Excluding vegetables, retail inflation actually rose to 7.2% in December from 7% in November — led by rising …

The week in 5 charts | India’s retail inflation rate eases down to 5.88%, Himachal’s performance in social indicators, and more
2 years ago

The week in 5 charts | India’s retail inflation rate eases down to 5.88%, Himachal’s performance in social indicators, and more

The Hindu  

India’s annual retail inflation rate eases to 5.88% in November India’s annual retail inflation eased below the Reserve Bank of India’s upper tolerance level for the first time this year in November, easing pressure on policymakers. The Finance Ministry termed this a ‘drastic decline’ mainly attributable to a sharp decrease in food price inflation brought about by government measures. Watch …

Interim relief: The Hindu Editorial on retail inflation’s fall to a 11-month low in 2022
2 years ago

Interim relief: The Hindu Editorial on retail inflation’s fall to a 11-month low in 2022

The Hindu  

After a seemingly interminable 10-month streak of Indian consumers facing runaway price rise of over 6%, retail inflation appeared to have relented a bit in November to 5.88%. Since April 2022, when retail prices surged at a near-eight year high rate of 7.8%, five of the first eight months of 2022-23 year registered 7%-plus inflation. Vegetable prices may remain benign …

Retail inflation cools to 6.77% in October from 7.41% in September
2 years, 1 month ago

Retail inflation cools to 6.77% in October from 7.41% in September

The Hindu  

India’s retail inflation cooled to 6.77% in October from 7.41% in September, slipping below the 7% mark for the first time in three months and only the second time since April’s eight-year high mark of 7.8%. Rural consumers continued to face 7% inflation in October, slightly lower than the 7.6% in September, while urban India consumers’ price rise eased to …

After 18 months, Wholesale inflation slipped below 10% in October
2 years, 1 month ago

After 18 months, Wholesale inflation slipped below 10% in October

The Hindu  

India’s wholesale price inflation slipped below 10% for the first time in 19 months this October, when it eased to 8.4% to 10.7% in September, thanks to base effects and cooling commodity prices. Wholesale food price inflation eased further in October to 6.5% from 8.1% in September while inflation in manufactured goods dropped to 4.4% from 6.3% a month earlier. …

Food prices to stay sticky, may keep inflation around 7% in Q3 too
2 years, 2 months ago

Food prices to stay sticky, may keep inflation around 7% in Q3 too

The Hindu  

The poor are facing a higher inflation burden due to the surge in food prices, especially for items like cereals and vegetables, which are unlikely to cool off soon owing to unseasonal rainfall and lower Kharif crop sowing, according to economists. “Essential items, such as food and fuel, occupy a greater share in the consumption basket of lower-income classes… Across …

Inflation accelerates to 7.41% in September 2022, highest since April
2 years, 2 months ago

Inflation accelerates to 7.41% in September 2022, highest since April

The Hindu  

India’s retail inflation accelerated to 7.41% in September from 7% in August, with food price inflation surging sharply from 7.62% in August to 8.6% in September, the National Statistical Office said on Wednesday. At 7.41%, September’s retail inflation level is the highest since April this year, when price rise had hit a nearly eight-year high of 7.79%. The country’s rural …

Finance Minsister Nirmala Sitharaman buys vegetables from market, interacts with vendors in Chennai | Watch
2 years, 2 months ago

Finance Minsister Nirmala Sitharaman buys vegetables from market, interacts with vendors in Chennai | Watch

India TV News  

Union Finance Minister Nirmala Sitharaman took a break from her packed schedule in Chennai and was seen stopping at the Mylapore vegetable market in Chennai on Saturday. Image Source : @NSITHARAMANIndia's retail inflation rose to 7 percent in August from 6.71 percent in July and this was due to higher food prices. The Finance Minister's office shared the video of …

Measures to cool food inflation will deliver in coming weeks, says Finance Ministry
2 years, 3 months ago

Measures to cool food inflation will deliver in coming weeks, says Finance Ministry

The Hindu  

The Finance Ministry late Monday termed the increase in retail inflation from 6.71% in July to 7% in August as ‘moderate’, and attributed it to an adverse base effect and an increase in food and fuel prices, which it called “the transient components” of Consumer Price inflation. “Despite erratic monsoons and negative seasonality in vegetable prices, food inflation in July …

Inflation is not a ‘red lettered’ priority for Centre now, says FM Nirmala Sitharaman
2 years, 3 months ago

Inflation is not a ‘red lettered’ priority for Centre now, says FM Nirmala Sitharaman

The Hindu  

Inflation is not a ‘red-lettered’ priority now for the government given that it has been brought down to a ‘manageable level’ over the past two months and job creation and equitable distribution of wealth were instead the key priorities as of now, Finance Minister Nirmala Sitharaman said on Wednesday. “I am not sure I can have the luxury of sequencing …

Whole sale price inflation eases to 13.93% in July
2 years, 4 months ago

Whole sale price inflation eases to 13.93% in July

Hindustan Times  

India's wholesale inflation rose 13.93% in July from a year earlier, helped by a lower increase in food prices, but it stayed in double digits for a 16th month, amid expectations that the central bank will again raise policy rates next month. In July, wholesale prices index-based inflation, which is akin to producer prices, rose lower than a forecast of …

The cost of misrepresenting inflation
2 years, 5 months ago

The cost of misrepresenting inflation

The Hindu  

Globally, inflation is now the prime concern of governments, even as there is a speculation that a recession may not be far behind. Contrary to the belief that the rise in inflation in India is due to higher international prices, we found that for the commodity groups ‘fuel and light’ and ‘fats and oils’, chosen as proxies for the price …

Staying watchful: The Hindu Editorial on inflation risks
2 years, 5 months ago

Staying watchful: The Hindu Editorial on inflation risks

The Hindu  

The concerted efforts made by the Reserve Bank and the Union government to contain inflation appear to be having some impact, albeit marginal, in slowing the pace of price gains, the latest retail inflation data show. Price gains as measured by the Consumer Price Index eased almost imperceptibly to 7.01% in June, from May’s 7.04%, with food price inflation slowing …

At above 7%, retail inflation stays stubborn
2 years, 5 months ago

At above 7%, retail inflation stays stubborn

The Hindu  

India’s retail inflation inched lower to 7.01% in June, from May’s 7.04%, but stayed stuck above the 7% mark for the third straight month. Rural inflation edged up to 7.09%, from 7.08% in May, while urban consumers faced a 6.92% price rise, as per the Consumer Price Index released on Tuesday. “Retail inflation has now averaged 7.3% in the first …

After lemons, now tomatoes are burning a hole in pockets: What’s up with India’s food inflation?
2 years, 6 months ago

After lemons, now tomatoes are burning a hole in pockets: What’s up with India’s food inflation?

Firstpost  

There’s no respite from food inflation in India. India’s food inflation continues to be a concern: From February to April 2022, food prices rose 7.3 per cent on average. In Mumbai and Kolkata, it’s 77 per kg in Mumbai as compared to Rs 28 and Rs 38 respectively last year, according to data compiled by the food ministry. It currently …

Retail inflation rises to 7.8%, highest in 8 years
2 years, 7 months ago

Retail inflation rises to 7.8%, highest in 8 years

Hindustan Times  

Retail prices grew at 7.8% in April, the highest since the Narendra Modi-led National Democratic Alliance government assumed power in May 2014, squeezing household budgets, potentially affecting consumer confidence, and setting the stage for more monetary action by the Reserve Bank of India’s Monetary Policy Committee which raised the rate last week to combat spiking inflation. Experts believe that this …

Inflationary surge is a global phenomenon today, but Modi’s India has done much better than others
2 years, 8 months ago

Inflationary surge is a global phenomenon today, but Modi’s India has done much better than others

Firstpost  

Today’s inflationary surge is global in nature and is being felt by most advanced economies, emerging markets and developing economies. Inflation in the US continued to surge to a massive 8.5 per cent in March 2022, after an equally steep rise of 7.9 per cent and 7.5 per cent in February and January 2022 respectively. Fuel inflation in the US …

‘Inflation likely to be over 7% till September’
2 years, 8 months ago

‘Inflation likely to be over 7% till September’

The Hindu  

After spiking to 6.95% in March, India’s retail inflation is likely to cross 7% and stay above that mark till September, SBI economists wrote in a report on Wednesday, raising their inflation forecast for 2022-23 to 6.5% from 5.8%, citing the possibility of an ‘extended’ food price shock. Even after September, consumer inflation is expected to moderate only slightly to …

Runaway inflation?: Tomatoes and apples selling at the same rate in Agra
3 years, 1 month ago

Runaway inflation?: Tomatoes and apples selling at the same rate in Agra

India Today  

In a worrying sign of soaring inflation, apples and tomatoes were selling at the same rate in the grocery markets of Agra. Vegetable vendor Puranchand told India Today that for the first time, the supply of vegetables, especially tomatoes, is dwindling as the winter season approaches. Housewives buying vegetables said that at this rate, tomatoes would disappear from their kitchen …

Data buoys: inflation cools to 4.06%, IIP rises 1%
3 years, 10 months ago

Data buoys: inflation cools to 4.06%, IIP rises 1%

The Hindu  

India’s retail inflation slowed to a 16-month low of 4.06% in January, helped by a sharp deceleration in food prices, while industrial output rebounded to post 1% growth in December aided by increases in electricity and manufacturing. The moderation in consumer prices was driven by a broad-based softening in food inflation, with the Consumer Food Price Index rising just 1.89% …

Policymakers in a quandary as inflation looks far from ebbing
4 years ago

Policymakers in a quandary as inflation looks far from ebbing

Live Mint  

Rekha Jadhav, 52, a vegetable vendor in Navi Mumbai’s Kharghar, used to make ₹7,000 a day till last December. With demand strengthening and some households having greater visibility on their income outlook, inflation expectations are expected to remain high,” said Aditi Nayar, principal economist, ICRA Ltd. India’s retail inflation based on the Consumer Price Index hit a nearly six-and-a-half-year high …

Elevated Food Inflation Temporary Affair, Prices to Be Back to Normal Soon: Economic Affairs Secy Tarun Bajaj
4 years, 1 month ago

Elevated Food Inflation Temporary Affair, Prices to Be Back to Normal Soon: Economic Affairs Secy Tarun Bajaj

News 18  

New Delhi: Terming elevated food prices a temporary phenomenon, Economic Affairs Secretary Tarun Bajaj on Tuesday said it should be back to normal soon on the back of arrival of new crops and government measures for improving supply of essential commodities. Pushed by rising prices of essential kitchen items, retail inflation rose to an eight-month high of 7.34 per cent …

India inflation likely edged up in July on higher food prices: poll
4 years, 4 months ago

India inflation likely edged up in July on higher food prices: poll

Live Mint  

India's retail inflation edged up slightly in July due to higher food prices, remaining firmly above the RBI's medium-term target of 4% for a 10th straight month, a Reuters poll showed. Food prices, which account for nearly half the inflation basket, have soared since April due to supply-side disruptions caused by a nationwide lockdown imposed to contain the spread of …

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