Decoding 5.4% retail inflation: As food prices soar, rural India is worst hit
9 years, 3 months ago

Decoding 5.4% retail inflation: As food prices soar, rural India is worst hit

Firstpost  

One thing is for sure, the current rate spiral is inflicting more pain on the rural India than it does on people in urban centres The inflation picture until March is getting clearer. The CPI inflation, the key price indicator of the Reserve Bank of India for policy purpose, rose to 5.41 percent in November, from 5 percent in the preceding month. The food inflation rose to 6.07 percent from 5.25 percent, vegetables rose by 4 percent compared with 2 percent and that of the pulses zoomed by 46 percent compared with 42.8 percent. The overall food inflation in WPI basket rose to 5.20 percent in November from 2.44 percent in October.

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History of this topic

India’s WPI Inflation Rises to 2.38% in February
1 week, 3 days ago

India’s WPI Inflation Rises to 2.38% in February

Deccan Chronicle  

New Delhi: With the increase in fuel and power prices along with higher costs in the manufacturing sector, India’s wholesale price index or WPI-based inflation in February 2025 marginally rose to 2.38 per cent from 2.31 per cent in January. The wholesale inflation came after headline retail inflation on Wednesday showed that Consumer Price Index based inflation eased to a …

India’s wholesale inflation rises to 2.38% in February
1 week, 3 days ago

India’s wholesale inflation rises to 2.38% in February

Live Mint  

New Delhi: India’s inflation based on wholesale prices rose to 2.38% in February, up from 2.31% in the previous month, show the Union commerce ministry’s provisional data released on Monday. Food prices decline Food prices, a major contributor to the index, increased by 5.94% annually in February, but eased from December’s 8.85% rise and January’s 7.47%. Beyond food prices Manufactured …

Message to RBI in inflation numbers
1 week, 4 days ago

Message to RBI in inflation numbers

Hindustan Times  

February’s inflation number of 3.6% is better than what most analysts expected it to be. PREMIUM Barring any large supply-side shocks in the food economy, analysts believe inflation should be close to RBI’s target in the next fiscal year which will begin from April What is the larger message behind the inflation numbers? Barring any large supply-side shocks in the …

India’s retail inflation dips below 4%, February index at 7-month low
2 weeks, 1 day ago

India’s retail inflation dips below 4%, February index at 7-month low

Firstpost  

India’s retail inflation fell below 4% in February for the first time in six months mainly due to a decline in vegetable prices. Annual retail inflation in February eased to 3.61%, below economists’ estimate of 3.98% and the lowest since July Tomatoes covered with newspapers are seen in baskets at a vegetable wholesale market in Navi Mumbai on August 4, …

India's Retail Inflation Drops To 7-Month Low Of 3.61% In February 2025
2 weeks, 1 day ago

India's Retail Inflation Drops To 7-Month Low Of 3.61% In February 2025

ABP News  

India’s retail inflation, measured by the Consumer Price Index, fell to a seven-month low of 3.61 per cent in February 2025, down from 4.31 per cent in January, as vegetable prices declined, according to government data released on Wednesday. India’s Industrial Output India's industrial production grew by 5 per cent in January 2025, driven primarily by the strong performance in …

India's retail inflation falls to lowest level in 7 months to 3.61% in February: What got cheaper & costlier?
2 weeks, 1 day ago

India's retail inflation falls to lowest level in 7 months to 3.61% in February: What got cheaper & costlier?

Hindustan Times  

India's retail inflation, or the rate at which the retail cost of products increases or decreases, has dropped by 65 basis points to 3.61%, the Ministry of Statistics and Programme Implementation said on Wednesday. India's Retail Inflation: Food inflation in India in February fell by a massive 222 points to 3.75%. Eggs, vegetables, pulses, spices, fuel and light were product …

India's Wholesale Inflation Expected To Drop To 2% In February, Says Report. Here's Why
2 weeks, 2 days ago

India's Wholesale Inflation Expected To Drop To 2% In February, Says Report. Here's Why

ABP News  

India's Wholesale Price Index inflation is expected to decrease to 2 per cent in February 2025, down from 2.3 per cent in January, mainly due to a drop in oil prices and a seasonal dip in food prices, according to a report by Union Bank of India. The report said, "Wholesale Price Index is expected to moderate to 2.0 per …

Retail inflation likely eased further to 3.9% in February: Mint poll
2 weeks, 4 days ago

Retail inflation likely eased further to 3.9% in February: Mint poll

Live Mint  

India's retail inflation likely eased further to 3.9% in February from 4.3% in the previous month, driven by a continued decline in food prices, according to a Mint poll of 25 economists. "The reversal of spikes in volatile food items and fading of one-off shocks such as in edible oil prices suggests a continued fall in headline inflation, which is …

Retail inflation likely fell below 4% in February: Report
Trending News
2 weeks, 4 days ago

Retail inflation likely fell below 4% in February: Report

India Today  

India's February consumer inflation likely eased below the Reserve Bank of India's medium-term target of 4.0% for the first time in six months on moderating food price rises, a Reuters poll showed, bolstering expectations of interest rate cuts. As fresh winter produce hit markets over the past few months, food items - which make up nearly half of the inflation …

India's Food Inflation Drops Below 5% In Feb 2025: Report
Trending News
2 weeks, 6 days ago

India's Food Inflation Drops Below 5% In Feb 2025: Report

ABP News  

Food inflation in India is likely to have dropped below 5 per cent for the first time since June 2023, according to a report by Union Bank of India. The report also highlighted that India's overall retail inflation is expected to have eased further in February 2025, falling below the 4 per cent mark, mainly due to a decrease in …

Food inflation in India likely falls below 5 per cent in February for the first time since June 2023: Report
Trending News
2 weeks, 6 days ago

Food inflation in India likely falls below 5 per cent in February for the first time since June 2023: Report

India TV News  

Food inflation in India likely falls below 5 per cent in February for the first time since June 2023: Report Retail inflation for farm and rural workers eased slightly to 4. A report published by the Union Bank of India stated that the food inflation in India likely fell below 5 per cent for the first time since June 2023. …

CPI inflation may have eased to 7-month low of 4.1% in February 2025: Bank of Baroda
Trending News
3 weeks ago

CPI inflation may have eased to 7-month low of 4.1% in February 2025: Bank of Baroda

The Hindu  

The Consumer Price Index, that measures general price levels, may have dropped to a seven-month low of 4.1% in February 2025 from 4.3% last month on slowing increase in tomato and potato prices, according to data from Bank of Baroda. The Essential Commodities Index, constructed by BoB research showed a further deflation of 28.9% for tomato and inflation slowing to …

Retail inflation eases slightly to 4.61% for farm workers, 4.73% for rural labourers
1 month ago

Retail inflation eases slightly to 4.61% for farm workers, 4.73% for rural labourers

The Hindu  

Retail inflation for farm and rural workers eased slightly to 4.61% and 4.73%, respectively, in January from 5.01% and 5.05% in December 2024, showed the government data released on Monday. The All-India Consumer Price Index for Agricultural Labourers and Rural Labourers decreased by 4 points and 3 points, respectively, for the month of January 2025, reaching 1,316 and 1,328 points, …

RBI MPC Minutes: Inflation moderate in near-term, global trade policies pose risk to growth outlook; 5 key highlights
1 month ago

RBI MPC Minutes: Inflation moderate in near-term, global trade policies pose risk to growth outlook; 5 key highlights

Live Mint  

The Reserve Bank of India released the minutes of the Monetary Policy Committee meeting on Friday, February 21, highlighting that India's repo rate reduction was an appropriate policy response, with retail inflation moving towards the central bank's four per cent target. In his maiden monetary policy review, RBI Governor Malhotra expressed an optimistic outlook for India’s economic growth, saying the …

Japan’s Inflation Speeds Up, Keeping BOJ on Rate Hike Path
1 month, 1 week ago

Japan’s Inflation Speeds Up, Keeping BOJ on Rate Hike Path

Live Mint  

-- Japan’s inflation accelerated more than expected, rising at the fastest pace since the summer of 2023 and keeping the Bank of Japan on track to raise its benchmark interest rate further. Consumer prices excluding fresh food rose 3.2% from a year earlier in January, the biggest gain since June 2023, according to the ministry of internal affairs Friday. The …

Trade-related policies to stroke inflation, heighten market turbulence: RBI Bulletin
1 month, 1 week ago

Trade-related policies to stroke inflation, heighten market turbulence: RBI Bulletin

The Hindu  

The near-term outlook of the global economy is being shaped by trade-related policies of major economies amid slowing pace of disinflation and these policies could stoke inflation, engender tighter financial conditions, and heighten market turbulence, Reserve Bank of India officials said in the February edition of RBI Bulletin released on Wednesday. However in India, high frequency indicators point towards a …

Catching a break: On the inflation dip and households
Trending News
1 month, 1 week ago

Catching a break: On the inflation dip and households

The Hindu  

A healthy winter harvest of vegetables reined in food inflation to a five-month low of 6% in January, driving down India’s consumer price inflation to 4.3%, tantalisingly close to the 4% median target pursued by the Reserve Bank of India. As per its own reckoning, with this quarter expected to average 4.4% inflation, there may be a minor uptick from …

India’s WPI Inflation Eases to 2.31% in January 2025
Trending News
1 month, 1 week ago

India’s WPI Inflation Eases to 2.31% in January 2025

Deccan Chronicle  

New Delhi: After a significant dip in the headline retail inflation, India’s wholesale price index or WPI-based inflation eased to 2.31 per cent January, 2025, mainly due to the decline in prices of food items, especially vegetables. As per the data, inflation in food items eased to 5.88 per cent in January, as against 8.47 per cent in December 2024. …

India’s wholesale inflation eases to 2.31% in January as food prices cool
1 month, 2 weeks ago

India’s wholesale inflation eases to 2.31% in January as food prices cool

Live Mint  

New Delhi: India’s wholesale price index-based inflation eased to 2.31% in January from 2.37% in December due to a decline in food prices, especially vegetables, according to the provisional data released by the commerce and industry ministry on Friday. Beyond food prices Manufactured product prices, which make up around 64% of the wholesale price index, rose 2.51% in January, up …

Wholesale price inflation eases to 2.31% in January 2025
1 month, 2 weeks ago

Wholesale price inflation eases to 2.31% in January 2025

The Hindu  

India’s wholesale price inflation eased fractionally from 2.37% in December to 2.31% in January, with a deceleration in food inflation being almost offset by an uptick in manufactured costs’ price rise pace, government data released on Friday showed. The Commerce and Industry Ministry attributed the positive rate of inflation in January, primarily to an increase in prices of manufactured food …

With inflation consistently high, Centre asks Odisha to take action
1 month, 2 weeks ago

With inflation consistently high, Centre asks Odisha to take action

New Indian Express  

BHUBANESWAR: Despite retail inflation in the country recording a five-month low in January owing to falling food prices, Odisha continues to be among the top three states making headlines for high inflation for over a year now. According to the data released by the Ministry of Statistics and Programme Implementation, the retail inflation in Odisha was the second highest at …

Food prices to be under control, critical imports mired in uncertainty: Nirmala Sitharaman
1 month, 2 weeks ago

Food prices to be under control, critical imports mired in uncertainty: Nirmala Sitharaman

The Hindu  

Food prices are expected to be under control in the coming year, going by advance estimates of crop output, but the government will keep monitoring prices and act to ensure that ordinary citizens are not burdened by inflation, Union Finance Minister Nirmala Sitharaman told the Rajya Sabha on Thursday. Responding to members’s concerns about high inflation during the discussion in …

Retail inflation eases to 5-month low: What it actually meant for your wallet
1 month, 2 weeks ago

Retail inflation eases to 5-month low: What it actually meant for your wallet

Hindustan Times  

How costly or cheap a product gets over time is measured by the retail inflation data that is presented by the government. The Union statistics and programme implementation ministry on February 12 released the retail inflation data for the month of January. Since retail inflation is measured by tracking the price movements of several commodities being sold across India, the …

Retail Inflation Rate Falls to Five-Month Low of 4.31 per Cent in January
1 month, 2 weeks ago

Retail Inflation Rate Falls to Five-Month Low of 4.31 per Cent in January

Deccan Chronicle  

New Delhi: The common man is likely to get some relief in their household budgets as India's headline retail inflation rate fell to a five-month low of 4.31 per cent in January, mainly due to the significant fall in the prices of vegetables and pulses that eased during the month. Meanwhile, India’s industrial output growth slowed to a 3-month low …

Falling food prices push January inflation to five-month low of 4.31%; edible oil inflation spikes to 33-month high
1 month, 2 weeks ago

Falling food prices push January inflation to five-month low of 4.31%; edible oil inflation spikes to 33-month high

The Hindu  

India’s retail inflation cooled to a five-month low of 4.31% in January, from 5.22% in December 2024, and 5.1% a year ago. Rupee depreciation impact The RBI has projected inflation to average 4.4% between January to March, which could imply mild spikes in the price rise pace over this month and the next. Vegetables inflation more than halved to 11.3% …

Retail inflation hits five-month low in January; industrial output slows in December
1 month, 2 weeks ago

Retail inflation hits five-month low in January; industrial output slows in December

Live Mint  

India's retail inflation eased to a five-month low in January, driven by a slower increase in food prices, according to provisional government data released on Wednesday. Food inflation, a persistent challenge, rose 6.02% in January compared to 8.39% annual rise in December, 9.04% in November, and 8.30% in the year-ago period. A Mint poll of 23 economists had estimated retail …

India's retail inflation dips to 4.31% in January, hits a five-month low
1 month, 2 weeks ago

India's retail inflation dips to 4.31% in January, hits a five-month low

India Today  

India's retail inflation has dipped to 4.31%, a five-month low, in January 2025, according to the data released by the National Statistics Office on Wednesday, marking a substantial drop from 5.22% in December 2024 and 5.1% in January 2024. The said data showed a drop of 91 basis points in headline inflation when compared to December 2024, marking the lowest …

Retail inflation eases to five-month low of 4.31% in January
1 month, 2 weeks ago

Retail inflation eases to five-month low of 4.31% in January

New Indian Express  

Supported by softening food prices, India's retail inflation, measured by the Consumer Price Index, eased to 4.31% in January 2025, down from 5.22% in December 2024, according to data released by the Ministry of Statistics and Programme Implementation on Tuesday. Food inflation, as measured by the Consumer Food Price Index, dropped to 6.02% in January 2025, its lowest level since …

India's inflation likely to dip to a 5-month low of 4.60% in January: Report
1 month, 2 weeks ago

India's inflation likely to dip to a 5-month low of 4.60% in January: Report

India Today  

India’s common man is likely to get some relief as the country’s consumer inflation is expected to fall to a five-month low of 4.60% in January 2025, as compared to 5.22% which was recorded in December last year, reported news agency Reuters. The Reserve Bank of India in the latest Monetary Policy Committee meeting announced a cut of 25 basis …

RBI projects FY26 inflation at 4.2%, down from 4.8% estimate in 2024-25
1 month, 3 weeks ago

RBI projects FY26 inflation at 4.2%, down from 4.8% estimate in 2024-25

The Hindu  

The Reserve Bank on Friday projected the retail inflation at 4.2% for next financial year beginning April while retaining the forecast for 2024-25 at 4.8%. Unveiling the last bi-monthly monetary policy of this fiscal year, RBI Governor Sanjay Malhotra said food inflation pressures, in absence of any supply side shock, should see a significant softening due to good kharif production, …

Economic Survey Flags Food Inflation Risks
1 month, 3 weeks ago

Economic Survey Flags Food Inflation Risks

Deccan Chronicle  

Chennai: India's consumer price inflation will progressively align towards the inflation target in FY26 in the event of a normal monsoon and no further external or policy shocks. However, Economic Survey finds food inflation as a matter of concern and calls for investment in climate-resilient crops, improved food stock management, and greater efficiency in supply chains. The RBI and the …

The Great Indian Tomato Mystery: Why your curry costs more than ever
1 month, 3 weeks ago

The Great Indian Tomato Mystery: Why your curry costs more than ever

Live Mint  

The Government of India tabled the Economic Survey 2024-25 report on Friday, January 31, in Parliament ahead of Finance Minister Nirmala Sitharaman's Union Budget presentation on February 1. “Uneven monsoon-induced supply disruptions in certain regions caused price pressures, mainly in tomatoes and onions, contributing to higher inflation rates in vegetables and overall food inflation,” according to the survey report. The …

Economic Survey 2024-25 lists global pressure, domestic challenges as factors affecting prices, inflation
1 month, 4 weeks ago

Economic Survey 2024-25 lists global pressure, domestic challenges as factors affecting prices, inflation

Firstpost  

The survey highlights that inflation in India will witness positive signs in inflation management. The Reserve Bank of India and the IMF have projected that India’s consumer price inflation will align with the target of 4 per cent in the next financial year The Economic Survey 2024-25, tabled by Finance Minister Nirmala Sitharaman on Friday in the Lok Sabha, listed …

Economic Survey 2025: Food inflation to ease in fourth quarter of FY25
1 month, 4 weeks ago

Economic Survey 2025: Food inflation to ease in fourth quarter of FY25

Live Mint  

Mumbai: Food inflation is likely to soften in the fourth quarter of the current fiscal year on the back of strong rabi production, even as global uncertainties continue to pose risks, according to the Economic Survey 2024-25. Adverse weather events and rise in international agricultural commodity prices, however, pose risks to food inflation," said the survey. Monsoon saviour According to …

India needs to develop climate-resilient crop varieties: Economic Survey 2024-25
1 month, 4 weeks ago

India needs to develop climate-resilient crop varieties: Economic Survey 2024-25

New Indian Express  

NEW DELHI: India needs to develop climate-resilient crop varieties and enhance yields to increase the production of pulses, oilseeds, tomatoes and onion to ensure long-term price stability, the Economic Survey 2024-25 on Friday said amid persisting concerns over food inflation. The survey, tabled by Finance Minister Nirmala Sitharaman on Friday in Parliament, emphasised that India's food inflation rate has remained …

The Broadening Horizons of Rural Investment
2 months, 1 week ago

The Broadening Horizons of Rural Investment

Live Mint  

If someone suggests investing in rural opportunities, it’s natural to assume they are referring to investments in agriculture. Non-agricultural rural income is also rising, as the significant welfare schemes expenditure by the government is pegged at Rs—3.1 trillion, along with a rebound in real rural wage growth. Some other key drivers that are also adding to the positive sentiment in …

Inflation matrix: On the numbers and trends
2 months, 1 week ago

Inflation matrix: On the numbers and trends

The Hindu  

In the final inflation print before the Union Budget for 2025-26 is presented, followed by the first review of the monetary policy led by the new Governor of the Reserve Bank of India in early February, the price rise faced by Indian consumers eased to 5.22% in December. Food inflation moderated from over 9% in the previous month to 8.4% …

India’s wholesale inflation rises in December, but stays in line with expectations at 2.37%
2 months, 1 week ago

India’s wholesale inflation rises in December, but stays in line with expectations at 2.37%

Firstpost  

Food prices rose 8.89% last month, compared with an 8.92% increase in November, with vegetable prices climbing 28.65% year-on-year, marginally up from a 28.57% rise in the previous month. India’s wholesale inflation accelerated in December to 2.37% year-on-year, from 1.89% in November, government data showed on Tuesday, but in line with market expectations. The wholesale inflation rate, a proxy for …

Wholesale price inflation rises to 2.37% in December; all eyes on RBI’s rate decision next month
2 months, 2 weeks ago

Wholesale price inflation rises to 2.37% in December; all eyes on RBI’s rate decision next month

The Hindu  

Wholesale price inflation rose to 2.37% in December 2024, due to spike in prices of non-food articles, manufactured items as well as fuel and power, even though food items saw marginal easing, government data released on Tuesday showed. “Overall, ICRA expects the headline WPI inflation to rise further to 3 per cent in January 2025, with the uptick in crude …

India's wholesale price inflation rises to 2.37 per cent in December
Trending News
2 months, 2 weeks ago

India's wholesale price inflation rises to 2.37 per cent in December

India TV News  

Wholesale price inflation: India’s wholesale price index in December rose to 2.37 per cent from 1.89 per cent in November 2024, according to government data released by the Ministry of Commerce and Industry on Tuesday. The Wholesale Price Index based inflation was 1.89 per cent in November 2024. Inflation in food articles items to eased to 8.47 pc As per …

Core Inflation Dips to 5.22 Percent in Dec Amid Falling Food Prices
Trending News
2 months, 2 weeks 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%
2 months, 2 weeks ago

Retail inflation eases to four-month low of 5.22%

Hindustan Times  

India’s retail inflation eased in December 2024 to a four-month low of 5.22% from a year ago, driven by cooling prices of perishable food commodities, brightening hopes of a rate cut by the central bank. 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 …

India’s retail inflation drops to 4-month low at 5.22% for December: Govt data
Top News
2 months, 2 weeks ago

India’s retail inflation drops to 4-month low at 5.22% for December: Govt data

Firstpost  

After a reduction in food prices, retail inflation eased to a four-month low of 5.22% in December, compared to 5.48% in November. Retail inflation eased to a four-month low of 5.22 per cent in December, as compared to 5.48 per cent in November, according to government data released on Monday. As per the Consumer Price Index data released by the …

India's Retail Inflation Rate Eases To 5.22 Per Cent In December, Food Inflation At 8.39 Per Cent
2 months, 2 weeks ago

India's Retail Inflation Rate Eases To 5.22 Per Cent In December, Food Inflation At 8.39 Per Cent

ABP News  

The retail inflation rate in India ease slightly in December, official data released on Monday showed. The data, released by the National Statistics Office under the Ministry of Statistics and Programme Implementation, stated that retail inflation rate, measured by the Consumer Price Index stood at 5.22 per cent in December 2024. The data showed that inflation rate for urban areas …

Retail inflation eases to four-month low of 5.22% in December 2024
2 months, 2 weeks 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
2 months, 2 weeks 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 …

Retail inflation eases to 4-month low of 5.22% in December
2 months, 2 weeks ago

Retail inflation eases to 4-month low of 5.22% in December

India Today  

India’s retail inflation dipped to a four-month low of 5.22% in December 2024, driven by a slowdown in food price increases, according to data released by the Ministry of Statistics and Programme Implementation. STATE-WISE INFLATION TRENDS Inflation rates varied across states, with 13 out of 22 states reporting inflation above the national average of 5.22% in December. RBI HOLDS STEADY …

Retail inflation eases to four-month low of 5.22 per cent in December amid falling food prices
2 months, 2 weeks ago

Retail inflation eases to four-month low of 5.22 per cent in December amid falling food prices

India TV News  

India’s retail inflation rate, measured by the Consumer Price Index slowed to a four-month low of 5.22 per cent in December compared to 5.48 per cent in November, mainly due to the easing of prices in food basket, according to government data released on Monday. The inflation based on Consumer Price Index was 5.48 per cent in November and 5.69 …

India’s inflation likely eased to 5.3% in December: Mint poll
2 months, 2 weeks 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
2 months, 2 weeks 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 …

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