​Illusory blip: On inflation
4 months, 1 week ago

​Illusory blip: On inflation

The Hindu  

India’s retail prices rose 3.54% in July, the slowest pace in almost five years, easing sharply from 5.1% in June. This is also the first time since August 2019 that inflation as per the Consumer Price Index has aligned with the Reserve Bank of India’s median inflation target of 4%. There is good reason to see through July’s print as a purely statistical outcome of base effects from last July — when the CPI was up 7.4% and food was 11.5% dearer — rather than a tangible softening of persistent price pressures for households. But this was on top a whopping 37.3% rise last July, when prices of tomato, which played a key role in last month’s vegetable price trend, had hit around ₹110 per kilo. On the other hand, core inflation rose for the first time since January 2023, primarily led by pricier services, including transport and communication that sped thanks to telecom tariff hikes.

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History of this topic

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

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
1 week 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 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 …

Consumer inflation moderates slightly to 5.5% in November
1 week, 4 days 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 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 as compared to 6.21% in October, check main reasons
Trending News
1 week, 4 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 …

Retail inflation eases to 5.48% in November from above 6% in October
1 week, 4 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 data today. 3 things you should know
1 week, 4 days 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 …

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 …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
2 weeks, 3 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 …

Soft landing? Not so fast: Inflation heated back up in October
3 weeks, 5 days 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
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 …

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 …

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 …

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. …

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, …

All about the inflation spike: how, why & when
Trending News
1 month, 1 week ago

All about the inflation spike: how, why & when

Live Mint  

The consumer price index —or retail inflation—surged in October to 6.2%, breaching the Reserve Bank of India’s upper tolerance limit. Despite the RBI governor Shaktikanta Das’s warning of higher inflation in October, the 6.2% reading, which marks a 14-month high, came as a surprise. For the first time in 13 months, the inflation breached the 6% mark—the higher end of …

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 …

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, …

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 …

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors
1 month, 3 weeks ago

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors

Hindustan Times  

India's economy performed satisfactorily in the first half of the current financial year, according to the finance ministry's monthly economic report released Monday. However, the ministry warned of potential disruptions from geopolitical conflicts, rising geo-economic fragmentation and elevated valuations in financial markets of some advanced economies.

Wholesale Inflation in August Declines
3 months ago

Wholesale Inflation in August Declines

Deccan Chronicle  

New Delhi: With the reduction in the prices of manufactured products as well as some food items, India’s wholesale price index or WPI-based inflation for August softened to a 4-month low of 1.31 per cent on an annual basis as compared to 2.04 per cent in July, while it was 0.46 per cent in August last year. “Inflation in manufactured …

India's WPI inflation drops to four-month low of 1.31 per cent in August on lower prices
3 months ago

India's WPI inflation drops to four-month low of 1.31 per cent in August on lower prices

New Indian Express  

NEW DELHI: Wholesale inflation fell for the second consecutive month to 1.31 per cent in August due to cheaper vegetables, food and fuel, government data released on Tuesday showed. The fuel and power category witnessed deflation of 0.67 per cent in August against inflation of 1.72 per cent in July. Data released last week showed retail inflation was at 3.65 …

​Last mile woes: On inflation data and the challenges
3 months, 1 week ago

​Last mile woes: On inflation data and the challenges

The Hindu  

The latest retail inflation data from the National Statistical Office yet again highlights the challenge in achieving durable price stability. Provisional estimates for year-on-year price gains in August show the headline rate based on the Consumer Price Index quickened marginally to 3.65%, from July’s 3.60%, as a sharp rebound in vegetable inflation led to a wider acceleration in overall food …

Business News: Catch All Stock Market and Business Updates in Just 2 Minutes | ABP News
3 months, 1 week ago

Business News: Catch All Stock Market and Business Updates in Just 2 Minutes | ABP News

ABP News  

Retail inflation in India is projected to stay below 4% for August 2024, according to recent reports. The Consumer Price Index, a key measure of retail inflation, is expected to remain within this range due to various factors influencing the market. Additionally, the prices of essential goods and services have not seen major spikes, contributing to the overall lower inflation …

Retail inflation rises to 3.65% in August, second lowest in last five years
3 months, 1 week ago

Retail inflation rises to 3.65% in August, second lowest in last five years

India Today  

India's retail inflation rose to 3.65% year-on-year in August, up from a five-year low of 3.54%, according to data released on Thursday. August's inflation rate is the second lowest in the last five years. Inflation data for August Food inflation, which represents about half of the Consumer Price Index basket, increased to 5.66% in August, compared to a 13-month low …

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 …

WPI-based inflation for July eased to 2.04 per cent on annual basis
4 months, 1 week ago

WPI-based inflation for July eased to 2.04 per cent on annual basis

Deccan Chronicle  

New Delhi: India’s wholesale price index or WPI-based inflation for the month of July eased to a 3-month low of 2.04 per cent on an annual basis. In June, WPI inflation was at a 16-month high of 3.36 per cent, driven by costlier food items, while it was 1.23 per cent in July last year, the government data showed on …

India's Wholesale Inflation Dips To 2.04% In July
4 months, 1 week ago

India's Wholesale Inflation Dips To 2.04% In July

News 18  

Wholesale inflation in the country declined to 2.04 per cent in July, according to government data released on Wednesday. The Department for promotion of industry and internal trade in a post on X said “the annual rate of inflation based on WPI stood at 2.04 % in July 2024 as compared to 3.36 % in June, 2024.” The annual rate …

Retail Inflation Declines to 59-month Low of 3.54 Per Cent in July
4 months, 1 week ago

Retail Inflation Declines to 59-month Low of 3.54 Per Cent in July

Deccan Chronicle  

New Delhi: With the significant easing of food prices, consumer retail inflation declined to a 59-month low of 3.54 per cent in July, showing below the central bank’s targeted 4 per cent for the first time in nearly 5 years, while India’s industrial output slowed to a five-month low of 4.2 per cent in June 2024, mainly due to poor …

Retail inflation drops to 3.5% in July, hitting a near 5-year low
4 months, 1 week ago

Retail inflation drops to 3.5% in July, hitting a near 5-year low

India Today  

Retail inflation in July eased to 3.54%, marking a sharp decline after it rose in the previous month. "There is sharp decline in the year-on-year inflation rate based on the All India Consumer Price Index number for the month of July 2024, which is the lowest in the last 59 months," the government's press release said. "Year-on-year inflation rate based …

Economic Survey on retail inflation: ‘Government and RBI’s intervention helped'
5 months ago

Economic Survey on retail inflation: ‘Government and RBI’s intervention helped'

Hindustan Times  

The Economic Survey 2024, tabled by Union Finance Minister Nirmala Sitharaman in the Parliament on Monday stated that despite the pandemic and geopolitical tensions, the Central Government's timely policy interventions and the Reserve Bank of India's price stability measures helped maintain retail inflation at 5.4 per cent. However, in FY24, the central government's timely policy interventions and the Reserve Bank …

Flare-up in vegetable prices stalls overall disinflationary trend: RBI officials
5 months ago

Flare-up in vegetable prices stalls overall disinflationary trend: RBI officials

The Hindu  

Consumer price inflation rose in June after three consecutive months of moderation due to a spike in vegetable prices halting a disinflationary trend underway in the economy, Reserve Bank of India officials led by deputy governor Michael D. Patra wrote in the July edition of RBI Bulletin. Headline inflation Headline inflation measured by on year changes in the all-India consumer …

Wholesale Inflation Hits 16-Month High
5 months, 1 week ago

Wholesale Inflation Hits 16-Month High

Deccan Chronicle  

New Delhi: With the increase in prices of food articles, especially vegetables and other food products, crude petroleum & natural gas, and mineral oils among others, the wholesale price surged to a 16-month high of 3.36 per cent in the month of June from 2.61 per cent in May this year. As per the data, inflation in food articles rose …

India's wholesale prices at a 16-month high in June as vegetable prices go up
5 months, 1 week ago

India's wholesale prices at a 16-month high in June as vegetable prices go up

Hindustan Times  

Wholesale inflation in the country surged to a 16-month high of 3.36 per cent in June on account of rise in prices of food articles, especially vegetables and manufactured items. As per the data, inflation in food articles rose 10.87 per cent in June, as against 9.82 per cent in May. Looking ahead, she said, the headline WPI inflation is …

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's retail inflation to remain close to 5% for most of this year: SBI Research
5 months, 1 week ago

India's retail inflation to remain close to 5% for most of this year: SBI Research

Hindustan Times  

Retail inflation, or the Consumer Price Index in India, is expected to remain below or close to 5.0 percent in the remaining months of 2024-25, except for September, according to SBI Research. India's retail inflation rate increased in June, deviating from the moderation seen in previous months, driven by rising food prices. Food prices remain a significant challenge for policymakers …

IIP grows 5.9%, inflation up 5.08%
5 months, 1 week ago

IIP grows 5.9%, inflation up 5.08%

Deccan Chronicle  

New Delhi: With good performance in key sectors, mostly in mining and power, India's industrial production grew 5.9 per cent in May this year, while India’s consumer inflation in June 2024 stood at 5.08 per cent against 4.8 per cent in May. “During April-May this fiscal, the IIP grew 5.4 per cent as compared to 5.1 per cent in the …

Retail inflation at 4-month high, rises to 5.08% in June
5 months, 1 week ago

Retail inflation at 4-month high, rises to 5.08% in June

India Today  

Retail inflation surged to 5.08% in June, rising to a 4-month high on an annual basis from 4.80% in May last month, as per government data released on Friday, July 12, 2024. "Year-on-year inflation rate based on All India Consumer Price Index number is 5.08% for the month of June, 2024. CPI data for June The inflation rate has stayed …

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 …

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