Boxed in: The Hindu Editorial on need for inflation control as top policy priority
2 years, 2 months ago

Boxed in: The Hindu Editorial on need for inflation control as top policy priority

The Hindu  

The Reserve Bank of India’s rate decision on Friday was ultimately inevitable. RBI Governor Shaktikanta Das cited the ‘aggressive monetary policy actions and even more aggressive communication from advanced economy central banks’ as a third shock -- following the pandemic and Russia’s invasion of Ukraine — which he said had thrust the ‘global economy into the eye of a new storm’. The RBI’s September issue of the Monetary Policy Report in fact pertinently observes that the ‘second-round effects of low growth and high inflation globally could keep domestic inflation at elevated levels even beyond eight quarters, necessitating appropriate monetary actions to anchor inflation expectations’. Specifically, he pointed out that ‘even as the nominal policy repo rate had been raised by 190 basis points since May, the rate adjusted for inflation still trailed the 2019 levels’. With the RBI’s latest surveys of households’ inflation expectations and consumer confidence too signalling that price pressures will continue to restrain consumption, inflation control will have to remain the top policy priority.

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History of this topic

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
1 week 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 …

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
1 week, 1 day ago

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

Live Mint  

Chapter 16 in the Book of Leviticus, Old Testament, enjoins Aaron to organize sacrifices and expiate the sins of all Israelites. Various ministers, government officials and sundry industry representatives have been hinting at RBI culpability in India’s economic slowdown and have called upon its monetary policy committee to cut rates in support of growth. The debate began with this year’s …

Why RBI is central to the country’s economy
1 week, 2 days ago

Why RBI is central to the country’s economy

New Indian Express  

The art of setting interest rates Maintaining macroeconomic stability and financial stability is the holy grail of any central bank. The pursuit of sustainable growth and low and stable inflation have been fundamental to central banking activities since the early 19th century, though financial stability got equal prominence, thanks to black swan events like the Great Depression of 1930s and …

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut
Trending News
1 week, 4 days 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 …

DC Edit | FM, new RBI chief signal cut
1 week, 4 days ago

DC Edit | FM, new RBI chief signal cut

Deccan Chronicle  

Finance minister Nirmala Sitharaman’s statement that inflation is a major challenge faced by countries around the world and that no country can solve it alone appears to have set an agenda for new RBI governor Sanjay Malhotra, who took charge a few hours before she made this statement. During the tenure of Shaktikanta Das, the RBI remained squarely focused on …

Retail inflation slows slightly at 5.48%
1 week, 4 days 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 week, 4 days 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 …

Retail inflation eases to 5.48% in November from above 6% in October
1 week, 5 days 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 eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
1 week, 5 days 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 …

Inflation likely eased to 5.5% in November: Mint poll
1 week, 5 days 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 …

DC Edit | Will RBI tweak inflation focus?
1 week, 6 days ago

DC Edit | Will RBI tweak inflation focus?

Deccan Chronicle  

The appointment of Sanjay Malhotra as the new RBI governor continues the long-standing tradition of IAS officers heading the Central bank, a quasi-autonomous body that decides the country’s monetary policy. Mr Malhotra took over the charge of RBI from Shaktikanta Das — the second longest serving governor after Sir Benegal Rama Rau’s stint of seven years and 197 days — …

Shaktikanta Das's term ends amid rising inflation, GDP slowdown
2 weeks ago

Shaktikanta Das's term ends amid rising inflation, GDP slowdown

Live Mint  

Mumbai: Shaktikanta Das will step down as the 25th governor of Reserve Bank of India on Tuesday, at a time when the war on inflation is ongoing and economic growth has taken a sudden slow turn. But Das stuck to the RBI’s inflation targeting mandate and held the repo rate steady on 6 December following his last meeting with the …

​Staying the course: On the RBI and inflation
Trending News
2 weeks, 3 days 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 cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%
2 weeks, 3 days ago

RBI cuts GDP growth projection to 6.6%, repo rate unchanged at 6.5%

Deccan Chronicle  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the 11th time in a row but sharply lowered the GDP growth forecast to 6.6 per cent for the current fiscal, as against earlier projection of 7.2 per cent.The Reserve Bank of India maintained the status quo on interest rate despite July-September quarter GDP growth …

Amid high inflation, RBI keeps repo rate unchanged at 6.5%
2 weeks, 3 days ago

Amid high inflation, RBI keeps repo rate unchanged at 6.5%

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on Friday held steadfast in its battle against inflation amid weakening growth momentum, with four of its six members voting to keep the policy repo rate unchanged at 6.50% for the eleventh bi-monthly review in a row. While noting the RBI’s mandate is to ensure price stability while supporting growth, …

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome
2 weeks, 3 days ago

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome

Live Mint  

RBI Monetary Policy: Highlighting sticky inflation and its impact on economic growth and consumers, Reserve Bank of India Governor Shaktikanta Das announced a status quo on the repo rate and policy stance on Friday, December 6. The Monetary Policy Committee of the central bank, by a majority of 4:2, decided to keep the repo rate at 6.50 per cent for …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
2 weeks, 4 days 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 must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 4 days ago

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation

India Today  

The Reserve Bank of India's Monetary Policy Committee has decided to maintain the status quo on key interest rates for the 11th consecutive time. Consequently, the standing deposit facility stands at 6.25%, and the marginal standing facility and the bank rate at 6.75%," announced RBI Governor Shaktikanta Das during the policy statement. "Tackling inflation is critical because high inflation reduces …

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25
2 weeks, 4 days 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 must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
2 weeks, 5 days 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
2 weeks, 5 days 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 …

RBI MPC: FX, not inflation, curbing degrees of policy freedom
2 weeks, 6 days ago

RBI MPC: FX, not inflation, curbing degrees of policy freedom

Live Mint  

After the recent GDP shocker, speculation is rife regarding a “policy action" in the December monetary policy meeting. Hence, we believe that in an increasingly volatile world, degrees of freedom for the RBI's monetary policy committee to ease policy to support growth would be constrained more by foreign exchange movements rather than inflation. While bond markets now anticipate rate cuts …

Is MPC doing enough on inflation? Consumers are divided
3 weeks 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 rates market signals easing, likely via liquidity, after weak growth data
Trending News
3 weeks ago

India rates market signals easing, likely via liquidity, after weak growth data

Live Mint  

By Dharamraj Dhutia MUMBAI, - The drop in India's benchmark bond yields and swap rates signals the central bank may address weaker-than-expected economic growth by easing monetary policy, which, traders say, will likely be via a lower cash reserve ratio than by interest rate cuts. WHY IT'S IMPORTANT The Reserve Bank of India's monetary policy decision is due on Friday …

Monetary policy: Emotive choices and immediate response mechanism
3 weeks, 1 day ago

Monetary policy: Emotive choices and immediate response mechanism

Live Mint  

The RBI kickstarted its post-covid normalization of monetary policy in April 2022. Since then, India’s monetary policy trajectory had been moving forward without any humps amid well-aligned expectation of financial market participants, corporates, and the government. Willy nilly, the conclusion in such debates appears to be veering towards the notion that India’s Monetary Policy Committee is maintaining its policy rate …

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report
Trending News
3 weeks, 2 days ago

RBI to keep repo rate unchanged at meeting next week, chances of rate cut in Feb increased: Report

Live Mint  

New Delhi, November 30 : The Reserve Bank of India is expected to maintain its policy rate during its upcoming meeting next week, as GDP growth slowed significantly in the second quarter of FY25. It said "We anticipate that the RBI will maintain the current policy rate at its meeting next week, although the likelihood of a rate cut in …

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
3 weeks, 4 days 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 …

Ajit Ranade: Inflation control holds primacy as an objective for RBI
4 weeks ago

Ajit Ranade: Inflation control holds primacy as an objective for RBI

Live Mint  

Not too long ago, a governor of the Reserve Bank of India said that his main job was to protect the value of your money. In this policy framework, called flexible inflation targeting, RBI had a mandate and a numerical target of an inflation band given by the government. And should not the numerical target of inflation exclude food and …

Stable Inflation Is Bedrock for Sustained Growth Says RBI Gov
1 month ago

Stable Inflation Is Bedrock for Sustained Growth Says RBI Gov

Deccan Chronicle  

Mumbai: A stable inflation or price stability is in the best interest of the people and the economy. It acts as a bedrock for sustained growth, enhances the purchasing power of the people and provides a stable environment for investment, the Reserve Bank of India governor Shaktikanta Das said on Thursday. Addressing a high-level policy conference of central banks from …

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

India’s central bank should adhere to its inflation-targeting mandate
Trending News
1 month 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 …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

Piyush Goyal wants RBI to cut interest rates. Shaktikanta Das responds
1 month, 1 week ago

Piyush Goyal wants RBI to cut interest rates. Shaktikanta Das responds

India Today  

Union Minister of Commerce and Industry Piyush Goyal shared his opinion that food price inflation should not play a role in the Reserve Bank of India's interest rate decisions. RBI Governor Shaktikanta Das had earlier warned that inflation risks could rise due to factors like food prices, indicating that a rate cut should not be assumed. RBI GOVERNOR SHAKTIKANTA DAS …

DC Edit | RBI may have to defer rate cut
1 month, 1 week ago

DC Edit | RBI may have to defer rate cut

Deccan Chronicle  

Consumer Price Index-based retail inflation has crossed the Reserve Bank of India’s comfort level of four per cent in October at 6.21 per cent, compared to 4.87 per cent in the year ago period. The 14-month high inflation figure in October dashed hopes of a repo rate cut by the Reserve Bank of India during its policy meeting in December. …

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds
1 month, 1 week ago

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds

Live Mint  

The Reserve Bank of India should cut the key benchmark interest rates to boost economic growth and look through the food prices while deciding on monetary policy, Union Minister of Commerce and Industry Piyush Goyal said. Growth needs a further impetus,” Piyush Goyal told the news portal, also stating that it's an “absolutely flawed theory” to consider food inflation while …

India trade minister says central bank should cut rates, look through food prices
1 month, 1 week ago

India trade minister says central bank should cut rates, look through food prices

Live Mint  

MUMBAI, Nov 14 - India's central bank should cut interest rates to boost economic growth and look through food price while deciding on monetary policy, the trade minister said, the first time a government minister has backed calls to re-examine the nation's inflation targeting framework. Growth needs a further impetus," Piyush Goyal told news channel CNBC TV18 at an event …

October inflation wipes off rate cut hopes in Dec policy
1 month, 1 week ago

October inflation wipes off rate cut hopes in Dec policy

Deccan Chronicle  

Mumbai:With India’s October inflation registering the fastest pace of rise in over a year, a rate cut in the December 2024 policy review appears ruled out despite a slowing economy, said economists. Aditi Nayar, Chief Economist at ICRA Ltd said, “With the CPI inflation breaching the 6 per cent mark in October 2024 and expected to exceed the MPC's estimate …

Rising inflation clouds stock market sentiment, delays rate cut hopes; Earnings growth in focus, say analysts
1 month, 1 week ago

Rising inflation clouds stock market sentiment, delays rate cut hopes; Earnings growth in focus, say analysts

Live Mint  

India's retail inflation surged to a 14-month high in October, exceeding the Reserve Bank of India’s upper tolerance limit, dampening expectations of an imminent policy rate cut. Analysts suggest that while October's CPI inflation data was largely anticipated by the Indian stock market, the more pressing concern lies in subdued corporate earnings. While inflation is projected to ease in December, …

Mint Quick Edit | Inflation above 6%: There goes a December rate cut
1 month, 1 week ago

Mint Quick Edit | Inflation above 6%: There goes a December rate cut

Live Mint  

Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …

Why October inflation numbers may delay RBI interest rate cut
1 month, 1 week ago

Why October inflation numbers may delay RBI interest rate cut

India Today  

India’s consumer price inflation rose to a 14-month high of 6.2 per cent in October, breaching the Reserve Bank of India’s target range of 2-6 per cent, driven by high food inflation. Food and beverages inflation stood at 9.7 per cent in October, in which the inflation on vegetables alone was over 42.2 per cent, a 57-month high. “With mixed …

Consumer inflation at 14-month high of 6.2%
Trending News
1 month, 1 week ago

Consumer inflation at 14-month high of 6.2%

Hindustan Times  

Retail inflation came in at 6.2% in October, the highest in 14 months, and outside the upper band of the Reserve Bank of India’s tolerance limit, primarily on account of higher food prices with potatoes, onions and tomatoes, stape vegetables all, driving the charge. The higher-than-expected number means that RBI’s Monetary Policy Committee is unlikely to cut rates in its …

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit
Top News
1 month, 1 week ago

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit

ABP News  

Retail inflation climbed to 6.21 per cent in October, up from 5.49 per cent in the previous month, driven primarily by higher food prices, according to official data released on Tuesday. Data from the National Statistics Office revealed that inflation in the food basket surged to 10.87 per cent in October, compared to 9.24 per cent in September and 6.61 …

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 consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023
1 month, 1 week ago

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023

Firstpost  

Last month, inflation had already surpassed the RBI’s medium-term target of 4 per cent for the first time since July. The October spike marks the first time in 14 months— since August 2023— that the inflation rate exceeded the Reserve Bank of India’s tolerance ceiling of 6 per cent. Upasna Bhardwaj, the Chief Economist at Kotak Mahindra Bank, Mumbai, said …

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, …

Can October CPI inflation numbers alter RBI’s monetary policy path?
1 month, 1 week ago

Can October CPI inflation numbers alter RBI’s monetary policy path?

Live Mint  

October CPI inflation: The spectre of inflation continues haunting investors as economists and experts expect India's Consumer Price Index -based inflation, also known as retail inflation, to inch closer to the RBI's upper tolerance band of 6 per cent. According to a Reuters poll of economists, a spike in vegetable and edible oil prices may have shot up India's CPI …

Retail inflation at a 14-month high, rises to 6.21% in October
Top News
1 month, 1 week ago

Retail inflation at a 14-month high, rises to 6.21% in October

India Today  

Retail inflation in India rose to 6.21% in October, up from 5.49% in September 2024, marking a sharp increase driven by high food prices. Inflation in October climbed above the Reserve Bank of India's 6% tolerance threshold, marking the first breach of this level in 14 months since August 2023. Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, "The sharply …

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 …

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