RBI, Govt Taken Steps To Control Inflation; Actions To Have Sobering Impact Soon: Shaktikanta Das
2 years, 7 months ago

RBI, Govt Taken Steps To Control Inflation; Actions To Have Sobering Impact Soon: Shaktikanta Das

News 18  

Amid the prevailing inflationary pressure with the CPI number touching an eight-year high of 7.79 per cent, RBI Governor Shaktikanta Das on Monday said the central bank and the government have taken a number of steps in the past few months to control price rise in the country and the actions will have a sobering impact on inflation going forward. The RBI has taken a number of steps over the past two or three months… The government has taken action on wheat, various kinds of intermediaries, raw materials and of course the big one on petrol and diesel… Now, all these put together will have a sobering impact on inflation going forward.” He added that we are on the drawing table reworking the numbers and “we will give out the numbers in the next MPC scheduled in the first week of June”. The Consumer Price Index -based inflation, which the RBI takes as a reference point while deciding on the monetary policy, in April 2022 soared to an eight-year high of 7.79 per cent. Wholesale price-based inflation also spiked to a record high of 15.08 per cent in April on rising prices across segments from food to commodities.

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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 …

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 …

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 …

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 data today. 3 things you should know
1 week, 5 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
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 …

​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 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 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 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 …

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 …

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 …

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA
1 month 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 …

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, …

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 …

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 …

Wholesale inflation rises to 2.36 per cent in October mirroring retail figures, food costs up 11.59 per cent
1 month, 1 week 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 …

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 …

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 …

Will October inflation push Q3 print above RBI’s forecast?
1 month, 1 week ago

Will October inflation push Q3 print above RBI’s forecast?

Live Mint  

At 6.21%, retail inflation in October breached the upper limit of the Reserve Bank of India’s target, for the first time since August 2023, thanks to an alarming rise in vegetable prices. According to ICRA chief economist Aditi Nayar, inflation is expected to exceed the Monetary Policy Committee’s estimate for the third quarter by at least 60-70 basis points. Inflation …

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 …

Why hasn’t RBI cut policy rates despite its lack of control over food inflation?
1 month, 2 weeks ago

Why hasn’t RBI cut policy rates despite its lack of control over food inflation?

Live Mint  

With a 8% fall in stock prices from their peak on 26 September, those who make money from the business of selling stocks seem to be getting jittery. Once RBI cuts the repo rate, the hope is that banks will cut the interest rates at which they lend, people and businesses will borrow more and spend more, and this in …

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, 1 week 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 …

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 …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 1 week ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, …

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 …

Avoid haste on shift to core CPI
3 months, 3 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 …

New base year for retail inflation likely
3 months, 3 weeks ago

New base year for retail inflation likely

Hindustan Times  

A Union government-appointed panel formed to update the Consumer Price Index, which tracks changes in retail prices, is likely to revise the base year used to measure inflation from 2012 to 2024 and lower the weight assigned to food items to keep pace with changing consumption patterns, two officials aware of the matter said. If the change in the CPI …

​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 …

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 …

Can the Reserve Bank of India rein in food inflation?
4 months, 1 week ago

Can the Reserve Bank of India rein in food inflation?

Hindustan Times  

On August 8, the Reserve Bank of India announced that it had kept the benchmark interest rate unchanged at 6.5% after the end of its monetary policy meeting — it marked the ninth straight meeting of the central bank in which it held rates at the same level. The paper - co-written by deputy governor Michael Debabrata Patra - cautioned …

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 …

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