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

India Expects Relief in Food Inflation with Strong Kharif Harvest

Deccan Chronicle  

As per the report, India’s retail inflation jumped to 6.21 percent in October, a 14-month high, driven by elevated food inflation in a few vegetables. A bumper kharif harvest is expected to lower food inflation in the coming months," it said, adding that a favourable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost rabi sowing and production. "The indicators include rural and urban demand and supply side variables like Purchasing Managers’ Index and e-way bill generation," the report added. Supported by stable capital inflows, India's forex reserves increased by $64.8 billion so far during 2024, the second-largest increase after China amongst major forex reserve-holding countries," it added. Despite the emerging indications of domestic growth and stability, the report also pointed out that elevated global oil prices also added to price pressures as well.

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History of this topic

Prospects for Indian Economy Improving Says RBI Gov
1 week, 4 days ago

Prospects for Indian Economy Improving Says RBI Gov

Deccan Chronicle  

Mumbai: Amidst an uncertain global macroeconomic and financial environment, the Indian economy is exhibiting resilience and stability with the Gross Domestic Product projected to grow at 6.6 per cent in 2024-25. The growth would be aided by the revival in rural consumption, pickup in government consumption and investment and strong services exports said the Reserve Bank of India’s Financial Stability …

India’s WPI Inflation Drops to 1.89 Percent in November on Food Prices
3 weeks, 4 days 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 …

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
3 weeks, 5 days 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
3 weeks, 5 days ago

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

The Hindu  

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

India bond yields seen a tad higher ahead of debt supply
4 weeks, 1 day ago

India bond yields seen a tad higher ahead of debt supply

Live Mint  

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

Retail inflation slows down in November
4 weeks, 1 day ago

Retail inflation slows down in November

Deccan Chronicle  

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

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
4 weeks, 1 day 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
4 weeks, 1 day 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%
4 weeks, 1 day 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
4 weeks, 1 day 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
4 weeks, 2 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
4 weeks, 2 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 …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
4 weeks, 2 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 month ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

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

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

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

India factory growth softened in Nov on high inflationary pressures

Deccan Chronicle  

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

Urban demand growth rate fall hurts FMCG business amid rising food inflation — expert advice
1 month, 1 week ago

Urban demand growth rate fall hurts FMCG business amid rising food inflation — expert advice

Live Mint  

The FMCG sector has been one of the poorest performers over the past 18 months. Urban demand, which accounts for about 2/3rd of FMCG business, volume growth more than halved in 2024 due to an increase in food inflation, moderation in disposable income, and reduction in central & state expenditure. Also new large entrants like Reliance Consumer are eating market …

Finance Ministry ‘cautiously optimistic’ on India’s economic outlook; geopolitical fragility remains a concern
1 month, 2 weeks ago

Finance Ministry ‘cautiously optimistic’ on India’s economic outlook; geopolitical fragility remains a concern

Live Mint  

India's economic outlook for the coming months will be ‘cautiously optimistic’, with the agriculture sector benefiting from favourable monsoon conditions, according to the Monthly Economic Review for October 2024 released by the Ministry of Finance's Department of Economic Affairs. “Moving forward, India's economic outlook for the coming months is cautiously optimistic, with agriculture likely to benefit from favourable monsoon conditions, …

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

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

ABP News  

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

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy, RBI says
1 month, 2 weeks ago

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

Hindustan Times  

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

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

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

Live Mint  

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

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

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA

Deccan Chronicle  

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

Nirmala Sitharaman acknowledges netizen’s request for relief to middle class. Check her response here
1 month, 3 weeks 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 …

DC Edit | RBI may have to defer rate cut
1 month, 3 weeks 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, 4 weeks 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, …

India trade minister says central bank should cut rates, look through food prices
1 month, 4 weeks 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 …

All about the inflation spike: how, why & when
Trending News
1 month, 4 weeks 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 …

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent
1 month, 4 weeks ago

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent

India TV News  

In line with the uptick in retail inflation, wholesale inflation in India too witnessed a sharp spike in October. The annual rate of inflation based on all India Wholesale Price Index number is 2.36 per cent for the month of October, 2024. For food index, which has 24.38 per cent weightage, the rate of wholesale inflation was at 11.59 per …

​Surprise spike: On the Consumer Price Index
1 month, 4 weeks ago

​Surprise spike: On the Consumer Price Index

The Hindu  

India’s consumer prices have gained fresh momentum over September and October, rendering the tangible softening in inflation to a pace below the official median target of 4% in the two months preceding them, a fleeting reprieve. A sharp surge in vegetable prices, particularly tomato, from the onset of the festival-packed month of October, and an uptick in edible oil prices …

Indian wheat prices hit record high on strong demand, supply crunch
1 month, 4 weeks ago

Indian wheat prices hit record high on strong demand, supply crunch

Deccan Chronicle  

Indian wheat prices have jumped to a record high due to strong demand, limited supplies, and a delay in the government releasing stocks from its warehouses to augment supplies, industry officials said on Tuesday.The record prices are likely to lift retail inflation that surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes …

Spectre of food inflation haunts the economy again
1 month, 4 weeks 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, 4 weeks 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 …

India’s Industrial Output Grows 3.1 Percent in September Amid Rising Inflation
1 month, 4 weeks 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 …

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit
Top News
1 month, 4 weeks 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, 4 weeks 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, 4 weeks 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, 4 weeks 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 hits 14-month high, rises to 6.21 per cent in October
1 month, 4 weeks ago

Retail inflation hits 14-month high, rises to 6.21 per cent in October

India TV News  

India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s target range. India’s Index of Industrial Production showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation, key sectors such as mining, manufacturing, and electricity …

Retail inflation at a 14-month high, rises to 6.21% in October
Top News
1 month, 4 weeks 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
2 months 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 …

Driven by abundant monsoon, bumper kharif harvest likely
2 months, 1 week ago

Driven by abundant monsoon, bumper kharif harvest likely

Hindustan Times  

NEW DELHI The country is also likely to reap higher quantities of certain oilseeds, such as soyabean, which together with robust cereals production could help to put a lid on a stubborn spell of high food inflation. The country is also likely to reap higher quantities of certain oilseeds, such as soyabean, which together with robust cereals production could help …

India's Economy Shows Satisfactory Performance in First Half of FY25, But Risks from Geopolitical Conflicts and Global Factors
2 months, 1 week 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.

RBI MPC Oct 2024: Retail Inflation Estimated At 4.5 Per Cent For FY25, Food Prices To Ease In Q4
3 months ago

RBI MPC Oct 2024: Retail Inflation Estimated At 4.5 Per Cent For FY25, Food Prices To Ease In Q4

ABP News  

RBI MPC October 2024: The Reserve Bank of India ’s Monetary Policy Committee revealed its decision on Wednesday on key rates and decided to maintain the status quo. Governor Shaktikanta Das revealed that the CPI retail inflation for the 2024-25 fiscal year is projected at 4.5 per cent. The inflation figure for the second quarter in the current fiscal year …

India's WPI inflation drops to four-month low of 1.31 per cent in August on lower prices
3 months, 3 weeks 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, 4 weeks 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, 4 weeks 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 …

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

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies
4 months ago

Govt starts selling onions at ₹35/kg to contain rising prices, improve local supplies

Live Mint  

New Delhi: The government started selling onions at ₹35/kg on Thursday to contain rising prices, replicating the step taken to cool rising tomato prices earlier this year. “The subsidised onions will be sold in Delhi NCR and Mumbai in the first phase,” Union minister of consumer affairs and food distribution Pralhad Joshi said while launching the initiative. The subsidised onions …

Avoid haste on shift to core CPI
4 months, 2 weeks ago

Avoid haste on shift to core CPI

Hindustan Times  

Should India’s inflation targeting framework target the headline Consumer Price Index or just its core, namely, the non-food non-fuel part? REUTERS/Francis Mascarenhas/File Photo Inflation targeting, at a theoretical level, is supposed to use interest rates to maintain a healthy balance between inflation and growth. Because inflation targeting is a forward-looking exercise — higher interest rates today are expected to contain …

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