Economic Survey 2024: Core Inflation Fell To 4-Year Low In FY24
5 months, 2 weeks ago

Economic Survey 2024: Core Inflation Fell To 4-Year Low In FY24

ABP News  

Economic Survey 2024: Union Finance Minister Nirmala Sitharaman Presented the Economic Survey 2024 ahead of the Union Budget 2024 announcement on Tuesday, July 23, in parliament on Monday. The survey highlighted that in the fiscal year 24-25, proactive policy interventions by the central government and price stability measures implemented by the Reserve Bank of India helped stabilise retail inflation at 5.4 per cent, the lowest level recorded since the pandemic. Core Inflation Fell 4-Year Low In FY24, the decrease in retail inflation was primarily driven by a decline in core inflation across both goods and services categories. The survey revealed that these factors significantly impacted farm output and food prices, leading to food inflation rates of 6.6 per cent in FY23 and 7.5 per cent in FY24. Rural And Urban Inflation Widens In FY24, most states and union territories saw reduced inflation rates, with 29 out of 36 recording rates below 6 per cent, aligning with the overall decline in all-India average retail inflation compared to FY23, reads the survey.

Food India Inflation Rural Prices Price Survey 2024 Cent Low Core Fy24 Core Inflation Retail Inflation Economic Survey Urban Inflation  rural  price  economic  cent  fell  food  4year  fy24  2024  inflation  prices  low  core  survey

History of this topic

India’s central bank should lead the policy easing cycle that its economy needs
2 days, 9 hours ago

India’s central bank should lead the policy easing cycle that its economy needs

Live Mint  

The coming weeks will see two important policy events. “The hardening of input costs across goods and services and their flow into selling prices needs to be watched carefully," the Indian central bank said in its November review of the economy. This column had argued before the December meeting of the monetary policy committee that there is a compelling reason …

Inflation gauge closely watched by the Fed falls to lowest level since early 2021
2 months, 1 week ago

Inflation gauge closely watched by the Fed falls to lowest level since early 2021

LA Times  

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels. Inflation peaked at 7.1% in June 2022 after the economy had accelerated out of the pandemic recession at a time of severe shortages of parts …

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near
4 months, 1 week ago

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near

LA Times  

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years. In a high-profile speech last week, Fed Chair Jerome H. Powell attributed the inflation surge that …

Retail Inflation Declines to 59-month Low of 3.54 Per Cent in July
4 months, 4 weeks 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, 4 weeks 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, 2 weeks 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 …

Core inflation at four-year low in FY24: Economic Survey
5 months, 2 weeks ago

Core inflation at four-year low in FY24: Economic Survey

Hindustan Times  

The government’s prudent monetary policy response and calibrated trade policy measures, coupled with strong output growth helped reduce core inflation to a four-year low in FY24, according to the 2023-24 Economic Survey Union finance minister Nirmala Sitharaman tabled in Parliament on Monday. The survey, which was presented a day before the first Union Budget of the third Narendra Modi-led central …

Economic Survey 2024 Highlights: Food Inflation Is A Concern Amid Extreme Weather Conditions
5 months, 2 weeks ago

Economic Survey 2024 Highlights: Food Inflation Is A Concern Amid Extreme Weather Conditions

ABP News  

Budget 2024 Highlights: Hello and welcome to ABP Live's Budget 2024 LIVE blog. Union Minister Nirmala Sitharaman is scheduled to table the Union Budget for the 2024-25 fiscal year this week on July 23. This budget presentation will be the seventh consecutive Budget for the Finance Minister and the first complete budget for Prime Minister Narendra Modi’s third term in …

Retail inflation at 4-month high, rises to 5.08% in June
5 months, 4 weeks 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 …

Is inflation still cooling? Thursday's report on June prices will provide clues
5 months, 4 weeks ago

Is inflation still cooling? Thursday's report on June prices will provide clues

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. If the June inflation data matches the collective forecast …

2024 brings breather on inflation but food prices are still sticky
10 months, 4 weeks ago

2024 brings breather on inflation but food prices are still sticky

The Hindu  

February 12, 2024 06:10 pm | Updated 09:00 pm IST - New Delhi India’s retail inflation eased to a three-month low of 5.1% in January from 5.7% a month earlier, with food price rise cooling a bit to 8.3% compared with 9.5% in December 2023. While overall inflation faced by urban consumers dropped to 4.92% from 5.5% a month ago, …

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus
11 months, 2 weeks ago

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus

Associated Press  

WASHINGTON — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. Friday’s government report showed that prices rose just 0.2% from November to December, a pace …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

LA Times  

The Federal Reserve’s favored inflation gauge shows somewhat more progress against inflation in November than economists had expected. The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from lower costs and reduced interest rates in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid …

UK inflation rate slows to lowest level for more than two years
1 year ago

UK inflation rate slows to lowest level for more than two years

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK inflation eased back to its lowest level for more …

Retail inflation is stable now, asserts Finance Minister Nirmala Sitharaman
1 year ago

Retail inflation is stable now, asserts Finance Minister Nirmala Sitharaman

The Hindu  

December 11, 2023 02:14 pm | Updated 04:17 pm IST - NEW DELHI The country’s consumer price inflation is now “stable” and within the official tolerance band of 2% and 6%, Finance Minister Nirmala Sitharaman conveyed to the Lok Sabha on Monday, attributing the weakening price rise pressures largely to a steady drop in core inflation. The core inflation has …

Retail inflation further eases to four-month low of 4.87%
1 year, 1 month ago

Retail inflation further eases to four-month low of 4.87%

India Today  

Retail inflation declined to a four-month low of 4.87 per cent in October due to further drop in food prices, showed government data released on Thursday. This marks the second consecutive month when the consumer price index or CPI-based inflation has remained within the Reserve Bank of India’s comfort zone of below 6 per cent. The inflation based on the …

Cooling core inflation fails to cheer amid supply flux
1 year, 4 months ago

Cooling core inflation fails to cheer amid supply flux

Live Mint  

A declining core inflation, amid a 15-month high retail inflation, gives no reprieve to the Reserve Bank of India, which recently called for supply-side interventions to cushion food price shocks. They said that while a decline in core inflation is positive, high headline numbers have anyway dashed rate cut hopes in FY24. “We think core inflation is likely to remain …

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices
1 year, 4 months ago

RBI Monetary Policy: FY24 Inflation Forecast Raised To 5.4 Per Cent On Higher Vegetable Prices

ABP News  

Reserve Bank of India Governor Shaktikanta Das on Thursday during his address on the Monetary Policy Committee's said that the rate setting panel has made an upward revision to its inflation forecast for 2023-24, raising it by 30 basis points to 5.4 per cent. Driving the full-year inflation forecast hike was that for the second quarter, which is now seen …

US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile
1 year, 5 months ago

US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile

Associated Press  

WASHINGTON — Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years. One obstacle in bringing inflation down to the Fed’s 2% target is that the price slowdown so far has reflected mainly relatively painless changes …

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years
1 year, 6 months ago

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years

Associated Press  

WASHINGTON — An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs. Still, last month’s progress in easing overall inflation was tempered by an elevated reading of “core” prices, a category that excludes volatile food and energy costs. From …

CPI report: US inflation is coming back down to Earth
1 year, 6 months ago

CPI report: US inflation is coming back down to Earth

CNN  

Minneapolis CNN — US inflation is leaving those sky-high days behind: Consumer prices in May rose at the slowest annual pace since March 2021, according to data released Tuesday by the Bureau of Labor Statistics. “They’ve raised rates for 10 consecutive meetings in a row and the increase is the most and fastest pace in decades, so they want to …

Retail inflation eases to over 2-year low at 4.25% in May
1 year, 6 months ago

Retail inflation eases to over 2-year low at 4.25% in May

Hindustan Times  

Retail inflation declined to a 25-month low of 4.25 per cent in May mainly on account of softening prices of food and fuel items. Representative Image Inflation based on the Consumer Price Index stood at 4.7 per cent in April and 7.04 per cent in May 2022. This is the fourth straight month when retail inflation has declined and the …

At 4.25%, CPI inflation hits 25 month-low in May on food prices; check details
1 year, 6 months ago

At 4.25%, CPI inflation hits 25 month-low in May on food prices; check details

Live Mint  

India's consumer price index inflation eased sharply to 4.25 per cent in May hitting a 25-month low and coming under the Reserve Bank of India's upper tolerance limit of 6 per cent for the third straight month. May's retail inflation declined from 4.7 per cent recorded in April 2023 and 7.04 per cent in the year-ago period. May's retail inflation …

Europe sees inflation drop to 6.1%, but real relief for consumers will take months
1 year, 7 months ago

Europe sees inflation drop to 6.1%, but real relief for consumers will take months

Associated Press  

FRANKFURT, Germany — Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. “Otherwise, you sometimes make impulse purchases.” The food bank at Berlin’s St. Wilhelm Roman Catholic Church, meanwhile, has gone from …

Retail inflation may dip closer to RBI's 4% target in May, say economists
1 year, 7 months ago

Retail inflation may dip closer to RBI's 4% target in May, say economists

India Today  

India's headline retail inflation in May is likely to fall further towards 4% — the midpoint of the central bank's target and a level last seen in January 2021, according to a few economists, who expect lower food prices to aid the decline. "Our analysis places May CPI inflation tracking around 4%, which suggests the Q2 average is likely to …

Inflation in India to come down to 5% in 2023 and 4% in 2024: IMF – Firstpost
1 year, 9 months ago

Inflation in India to come down to 5% in 2023 and 4% in 2024: IMF – Firstpost

Firstpost  

Washington: Inflation in India is expected to come down from 6.8 per cent in the current fiscal year ending 31 March to 5 per cent the next fiscal, and then drop further to 4 per cent in 2024, the International Monetary Fund said on Tuesday. Global inflation is set to fall from 8.8 per cent in 2022 to 6.6 per …

CPI Inflation Falls To 25-Month Low of 4.25% In May 2023; Industrial Production Rises 4.2%
1 year, 9 months ago

CPI Inflation Falls To 25-Month Low of 4.25% In May 2023; Industrial Production Rises 4.2%

News 18  

CPI Inflation Falls To 25-Month Low of 4.25% In May 2023; Industrial Production Rises 4.2% Reported By : News18.com Last Updated: June 12, 2023, 18:08 IST The retail inflation in the food basket also eased to 2.91 per cent in May 2023, compared with 3.84 per cent in April The official CPI inflation data for May 2023 has been released. …

Inflation in India expected to come down to 5% in 2023, 4% in 2024: IMF
1 year, 11 months ago

Inflation in India expected to come down to 5% in 2023, 4% in 2024: IMF

The Hindu  

Inflation in India is expected to come down from 6.8% in the current fiscal year ending March 31 to 5% the next fiscal, and then drop further to 4% in 2024, the International Monetary Fund said on Tuesday. “Inflation in India as in other countries is expected to come down from 6.8 percent in 2022 to 5 percent in 2023 …

Forget core CPI, market pros are searching for supercore inflation
1 year, 11 months ago

Forget core CPI, market pros are searching for supercore inflation

Live Mint  

Prices of services are rising quickly. In recent months, Federal Reserve Chairman Jerome Powell himself has emphasized the importance of core services excluding housing, though he has focused on that category as it is measured by the Fed’s preferred inflation gauge, the personal-consumption expenditures price index. Minutes from the Fed’s December meeting, released last week, again emphasized the importance of …

Retail inflation may drop to 6.7% for October on favourable base, RBI sees no respite
2 years, 1 month ago

Retail inflation may drop to 6.7% for October on favourable base, RBI sees no respite

Firstpost  

According to a Moneycontrol poll of 16 economists, Consumer Price Index inflation is expected to have fallen to 6.7 per cent in October from 7.41 per cent in September, thanks to a favourable base effect Headline retail inflation likely dropped sharply in October, the first month after the Reserve Bank of India failed to meet its inflation mandate, but stayed …

Inflation may fall to 5.2 per cent next fiscal on normal rains, ease in supplies sans no exogenous shocks
2 years, 3 months ago

Inflation may fall to 5.2 per cent next fiscal on normal rains, ease in supplies sans no exogenous shocks

India TV News  

Persistently high inflation remains a key policy concern for the Reserve Bank, which has raised rates aggressively so far this year, but the pressure might ease next fiscal assuming normal rains and further normalisation of global supply chains without any exogenous shocks, according to an RBI report. The Reserve Bank of India expects retail inflation to come under control at …

Hints of cooling prices, but Fed vows firm inflation stance
2 years, 4 months ago

Hints of cooling prices, but Fed vows firm inflation stance

Associated Press  

WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that the surging costs of everything from gasoline to food may have peaked. So-called core inflation, which excludes volatile food and energy prices, rose 4.6% last month from a year earlier after rising 4.8% in June. The drop — along with a reduction in the Labor Department’s consumer …

US inflation hits new four-decade high of 9.1%
2 years, 5 months ago

US inflation hits new four-decade high of 9.1%

Live Mint  

U.S. consumer inflation rose to a new four-decade high at an annual rate of 9.1% in June, extending a year and a half stretch of persistently higher prices. It also eclipsed May’s annual rate of 8.6% that led Federal Reserve officials to shift to a faster pace of benchmark interest-rate increases in its campaign to bring down inflation. Core prices, …

A key inflation gauge rose 5.8% in 2021, most in 39 years
2 years, 11 months ago

A key inflation gauge rose 5.8% in 2021, most in 39 years

Associated Press  

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods. Stubbornly high inflation has hammered household budgets, wiped out last year’s healthy wage gains and posed a …

Retail inflation rises to 5.59% in Dec from 4.91% in Nov: Govt data
2 years, 11 months ago

Retail inflation rises to 5.59% in Dec from 4.91% in Nov: Govt data

India TV News  

Highlights Retail inflation rises to 5.59% in December from 4.91% in November, shows govt data Consumer Price Index based retail inflation was 4.91% in Nov 2021 and 4.59% in Dec 2020 Food inflation rose to 4.05% in Dec this fiscal compared to 1.87% in preceding month Retail inflation rose to 5.59 per cent in December, mainly due to an uptick …

Retail Inflation Will Come Down to Below 4% Only After December, Says SBI report
4 years, 3 months ago

Retail Inflation Will Come Down to Below 4% Only After December, Says SBI report

News 18  

Attributing the recent surge in retail inflation to huge government procurement and supply disruptions on account of the COVID-19 pandemic, an SBI report said that the price rise was likely to come down to below 4 per cent only after December. According to government data, the retail inflation rose to 6.93 per cent in July, mainly driven by rising prices …

Retail inflation likely slowed in June as output returns
4 years, 6 months ago

Retail inflation likely slowed in June as output returns

Live Mint  

India's consumer price inflation likely eased in June from March, a Reuters poll predicted, as loosened coronavirus-led restrictions in most of the country drove a slight recovery in economic activity and helped reduce a supply crunch. The July 3-8 poll median of over 35 economists showed India's retail inflation in June moderated to 5.30% from March's revised 5.84%, still breaching …

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