Inflation hump: Will it continue beyond October?
1 month, 1 week ago

Inflation hump: Will it continue beyond October?

Live Mint  

Two of the six members of the Monetary Policy Committee noted a near-term retail inflation “hump" in the October policy meeting. According to retail food prices reported by the Department of Consumer Affairs, potatoes, onions, and tomatoes were 50%, 44%, and 115% higher in October than a year earlier. “Apart from the thinning of the high base effect, sustained food price pressures drove inflation higher to the 6% threshold," Union Bank of India said in a report dated 8 November. Reserve Bank of India governor Shaktikanta Das noted in October that while the neutral stance provides greater flexibility to act according to the evolving outlook, there may be uncertainties on the horizon from heightened geo-political tensions and volatile commodity prices to risks of adverse weather in food inflation, which cannot be underestimated. While food prices are largely expected to ease by December, making a case for RBI to look through the near-term hump, other risks may change the projected trajectory for inflation.

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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 …

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. …

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 …

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

Why October inflation numbers may delay RBI interest rate cut

India Today  

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

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 …

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 …

Food inflation still a concern, experts say: ‘Fight on this front far from over’
6 months, 1 week ago

Food inflation still a concern, experts say: ‘Fight on this front far from over’

Hindustan Times  

In the latest assessment of India's Consumer Price Index inflation for May 2024, experts from India Ratings and Research, the PHD Chamber of Commerce and Industry, and CRISIL shared their insights, highlighting both positive trends and lingering challenges. Sinha and Jasrai noted, "The core inflation though edged down further to 3.1 per cent in May 2024. Commenting on the CPI …

Food concerns in inflation data
10 months, 1 week ago

Food concerns in inflation data

Hindustan Times  

Retail inflation, as measured by Consumer Price Index, stood at 5.1% in January 2024, according to data released by the National Statistical Office on Monday. Some analysts have noted that high-frequency food price data for February suggests that the headline inflation might not change much this month either. However, the lower-than-expected relief in food inflation has only added more weight …

2024 brings breather on inflation but food prices are still sticky
10 months, 1 week 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, …

Wholesale inflation increases to 0.73 per cent in December on rising food prices
11 months, 1 week ago

Wholesale inflation increases to 0.73 per cent in December on rising food prices

India TV News  

The Wholesale Price Index -based inflation rose by 0.73 per cent in December, primarily driven by an increase in food prices. The Commerce and Industry Ministry, in a statement on January 15, explained that the positive inflation rate in December 2023 is mainly due to higher prices of food articles, machinery and equipment, other manufacturing, other transport equipment, and computer, …

After many difficult quarters economic scenario turning more benign in terms of inflation, growth: MPC’s Varma
1 year ago

After many difficult quarters economic scenario turning more benign in terms of inflation, growth: MPC’s Varma

The Hindu  

Containing inflation and reviving growth remained the key concerns among Monetary Policy Committee members as evident in the minutes of the last meeting released by the Reserve Bank of India on Friday. “Current indications are that, after many difficult quarters, the economic environment is turning more benign in terms of both inflation and growth,” observed MPC member Jayant Varma. “The …

Retail inflation rises to 5.55% in November
1 year ago

Retail inflation rises to 5.55% in November

The Hindu  

Consumer prices rose at a three-month high pace of 5.55% in November from 4.87% in October, with food price inflation surging to 8.7% from 6.6% driven by a surge in the inflation rate for vegetables, pulses, fruits, and sugar. The Reserve Bank of India, which had warned last week of a spike in inflation in November due to hardening prices …

Inflation has dipped but risks of another upsurge loom
1 year, 1 month ago

Inflation has dipped but risks of another upsurge loom

Live Mint  

October’s inflation prints will offer Indian policymakers relief. Wholesale inflation data released on Tuesday showed a 0.52% year-on-year decline in prices last month, marking the seventh month in a row that the reading has been negative. October’s retail reading was the lowest in four months and marked the second-straight month of it having stayed under the Reserve Bank of India’s …

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

Retail inflation eases to four-month low of 4.87%

The Hindu  

India’s retail inflation pace eased to a four-month low of 4.87% in October from a tad over 5% in September, with the rise in vegetables prices easing to 2.7% from 3.4% even though overall consumer food price inflation remained virtually unchanged at 6.6%. The Reserve Bank of India, which expects inflation to average 5.6% between October and December, is unlikely …

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 …

Inflation preview: India’s CPI expected to be around 4.6-4.9% in October
1 year, 1 month ago

Inflation preview: India’s CPI expected to be around 4.6-4.9% in October

Live Mint  

Thanks to easing food inflation, India's October retail inflation, or consumer price index -based inflation, is expected to come in the range of 4.6-4.9 per cent. According to a Mint poll of 17 economists, India’s retail inflation likely cooled to 4.8 per cent in October from 5 per cent in September. Rahul Bajoria, MD & Head of EM Asia Economics, …

CPI inflation likely at 4.8% in Oct: Poll
1 year, 1 month ago

CPI inflation likely at 4.8% in Oct: Poll

Live Mint  

New Delhi: India’s retail inflation likely cooled to 4.8% in October from 5% in September as food inflation continued to ease, according to a Mint poll of 17 economists. View Full Image Respondents predicted inflation based on the consumer price index in the range of 4.5-5.1% in October, with only one economist expecting inflation to cross 5%. “We see a …

Inflation cooled to 5% in September
1 year, 2 months ago

Inflation cooled to 5% in September

The Hindu  

India’s retail inflation eased from 6.83% in August to 5.02% in September, breaking a two-month streak over the tolerance threshold of the Reserve Bank of India, with the rise in food prices easing to 6.6% from almost 10%. Rural inflation stood at 5.33% in September, compared to 7% in August, while the price rise faced by urban consumers moderated more …

Retail inflation likely eased in September, but may be higher than RBI hopes
1 year, 2 months ago

Retail inflation likely eased in September, but may be higher than RBI hopes

The Hindu  

India’s retail inflation is likely to have retreated below 6% in September after two months over the central bank’s tolerance threshold, thanks to cooling prices for most essential commodities and food items, barring pulses that are seeing a sustained uptick in market prices. Bank of Baroda economists, who put out a monthly index on essential commodities’ prices, expect consumer price …

Why inflation will keep policymakers guessing, impact festive spending
1 year, 3 months ago

Why inflation will keep policymakers guessing, impact festive spending

India Today  

Offering some relief to consumers, inflation cooled down in August due to easing of food prices, compared to the 15-month high in July. Consumer Price Index -based inflation softened to 6.8 per cent in August, after surging to 7.4 per cent the previous month. Inflation in all commonly constructed non-food CPI categories remained low and unchanged from July: non-food CPI …

India inflation eases significantly in August. Is the worst behind?
1 year, 3 months ago

India inflation eases significantly in August. Is the worst behind?

Live Mint  

Consumer Price Index -based inflation, or retail inflation, moderated to 6.83 per cent in August from a 15-month high of 7.44 per cent in July, thanks to a fall in vegetable prices, offering relief to the Reserve Bank of India and bond investors even though it remained above the RBI's target range of 2-6 per cent. As Mint reported earlier, …

A surge foretold: On inflation data
1 year, 4 months ago

A surge foretold: On inflation data

The Hindu  

The latest NSO data, showing retail inflation accelerating to a 15-month high, comes less than a week after the Reserve Bank of India left interest rates unchanged even as it warned of “a substantial increase in headline inflation” in the near term. The primary driver of this surge was the food price component, with the Consumer Food Price Index-based inflation …

RBI's inflation targeting: Challenges ahead
1 year, 4 months ago

RBI's inflation targeting: Challenges ahead

Live Mint  

Retail inflation in July came in at a 15-month high of 7.44%. The jump in food prices might be temporary, but they will still take a few months to cool down, in the process ensuring that retail inflation during July to September is likely to be higher than the RBI’s target. This will ensure that inflation in tomato prices in …

MPC tries to strike a balance
1 year, 4 months ago

MPC tries to strike a balance

Hindustan Times  

That the Monetary Policy Committee of the Reserve Bank of India would not change interest rates or its monetary policy stance this week was widely expected. The MPC’s upward revision of the September quarter inflation forecast by a percentage point from 5.2% to 6.2%, and the fiscal year 2023-24 inflation forecast from 5.2% to 5.4% underlines this belief. Friday’s MPC …

July retail inflation may hit 6-mth high of 6.5%: Poll
1 year, 4 months ago

July retail inflation may hit 6-mth high of 6.5%: Poll

Live Mint  

New Delhi: India’s retail inflation is likely to have hit a six-month high of 6.50% in July, sharply up from 4.81% in June, on account of a surge in vegetable prices, according to a Mint poll of 19 economists. The poll predicts consumer price inflation in the range of 5.5-7.5%, with all but two economists expecting inflation to exceed the …

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 …

Consumer inflation eases to 5.66% in March
1 year, 8 months ago

Consumer inflation eases to 5.66% in March

The Hindu  

India’s retail inflation slid below the 6% mark for the first time in 2023 — and only the third time in the last 15 months — to touch 5.66% in March 2023. Food price inflation, which was 7.7% in March 2022 and 6% in February this year, eased to 4.8% last month, as per data from the National Statistical Office. …

Costly food fuels inflation past RBI’s comfort zone
1 year, 10 months ago

Costly food fuels inflation past RBI’s comfort zone

Deccan Chronicle  

New Delhi: With a spike in prices of food items, India’s headline retail inflation rate breached the central bank’s comfort zone of 2-6 per cent target and jump-ed to a three-month high of 6.52 per cent in January from December’s one-year low of 5.72 per cent, showed the data released by the ministry of statistics and programme implementation on Monday. …

Inflation remains a persisting concern; what should be your investment strategy?
1 year, 10 months ago

Inflation remains a persisting concern; what should be your investment strategy?

Live Mint  

January retail inflation print came surprisingly higher, reinforcing the notion that the war against inflation is far from getting over and rates need to be raised and kept high for a longer time in order to ward off the harms caused by soaring prices. Now, they expect retail inflation to remain over the 6 percent mark over the coming months …

Retail inflation eases to 5.72% in Dec; IIP growth rebounds to 7.1% in Nov
1 year, 11 months ago

Retail inflation eases to 5.72% in Dec; IIP growth rebounds to 7.1% in Nov

Live Mint  

India's retail inflation rate eased down edged down from the previous month, staying within the Reserve Bank of India's comfort range of 2%-6% for a second month, data released by the Ministry of Statistics & Programme Implementation showed on Thursday. Aditi Nayar, Chief Economist, ICRA, said: "We expect the core inflation to remain elevated in Q4 FY2023, given the continued …

Why RBI is finding it tough to tame inflation
1 year, 11 months ago

Why RBI is finding it tough to tame inflation

Live Mint  

Even as inflation has crept downwards, the battle against it continues. Inflation remains elevated and persistent across countries as they grapple with food and energy price shocks and shortages…The correction in industrial input prices and supply chain pressures, if sustained, could help ease pressures on output prices; but the pending pass-through of input costs could keep core inflation firm.” Blunt …

Interim relief: The Hindu Editorial on retail inflation’s fall to a 11-month low in 2022
2 years ago

Interim relief: The Hindu Editorial on retail inflation’s fall to a 11-month low in 2022

The Hindu  

After a seemingly interminable 10-month streak of Indian consumers facing runaway price rise of over 6%, retail inflation appeared to have relented a bit in November to 5.88%. Since April 2022, when retail prices surged at a near-eight year high rate of 7.8%, five of the first eight months of 2022-23 year registered 7%-plus inflation. Vegetable prices may remain benign …

Retail inflation dips below 6% in Nov.
2 years ago

Retail inflation dips below 6% in Nov.

Deccan Chronicle  

New Delhi: India's consumer retail inflation, which is measured by the Consumer Price Index, eased sharply to an 11-month low of 5.88 per cent in November, down from 6.77 per cent in October, while the country’s industrial output contracted by 4 per cent in October on an annual basis, two separate government data showed on Monday. The Reserve Bank of …

November retail inflation eases to 11-month low of 5.88%
2 years ago

November retail inflation eases to 11-month low of 5.88%

Live Mint  

Consumer price index based inflation eased to an 11-month low of 5.88% in November, coming within the upper limit of Reserve Bank of India’s tolerance band for the first time since last December amid consistent interest rate increases. Reacting to the inflation figure, finance ministry said in a social media post that the drastic decline in retail inflation is mainly …

Retail inflation falls below 6% mark for first time in 2022
2 years ago

Retail inflation falls below 6% mark for first time in 2022

The Hindu  

Cooling vegetable and edible oil prices drove India’s retail inflation down to 5.88% in November from 6.77% in October, the first time since January this year that consumer prices have risen slower than the 6% tolerance threshold set for the central bank. November’s retail inflation numbers corroborate Reserve Bank of India Governor Shaktikanta Das’s point that the worst of inflation …

Make no mistake, the government shares in the responsibility for sky-high inflation
2 years, 1 month ago

Make no mistake, the government shares in the responsibility for sky-high inflation

The Independent  

Rising inflation is still haunting Britain. The latest update from the Office for National Statistics showed consumer price inflation shot up to 11.1 per cent for the 12 months to October. The cost of food and non-alcoholic beverages rose by 16.2 per cent in the year to October, the highest rise since 1977. Well, “core” inflation, excluding those volatile food …

DC EDIT | First sign of price relief; up to govt to insulate economy
2 years, 1 month ago

DC EDIT | First sign of price relief; up to govt to insulate economy

Deccan Chronicle  

After three months of spike, retail inflation or the Consumer Price Index softened to 6.77 per cent in October. The price rise among cereals, in particular, which has nearly 10 per cent weightage in the retail inflation, remained elevated at 12 per cent, because of irregular monsoon distribution and unseasonal rain disrupting supply. Inflation in energy products and clothes, which …

What inflation numbers mean
2 years, 1 month ago

What inflation numbers mean

Hindustan Times  

October inflation numbers have brought some good news on the price front for policymakers — and after a long time. Core inflation — it measures the non-food non-fuel component of the Consumer Price Index basket — remained sticky around the 6% mark. Cereal prices could emerge as the next pressure point on the food inflation front. If advanced economies, especially …

Retail inflation cools to 6.77% in October from 7.41% in September
2 years, 1 month ago

Retail inflation cools to 6.77% in October from 7.41% in September

The Hindu  

India’s retail inflation cooled to 6.77% in October from 7.41% in September, slipping below the 7% mark for the first time in three months and only the second time since April’s eight-year high mark of 7.8%. Rural consumers continued to face 7% inflation in October, slightly lower than the 7.6% in September, while urban India consumers’ price rise eased to …

India's Retail Inflation Eases To 3-Month Low Of 6.77% In October; Both Rural, Urban Prices Soften
2 years, 1 month ago

India's Retail Inflation Eases To 3-Month Low Of 6.77% In October; Both Rural, Urban Prices Soften

News 18  

CPI Inflation In October 2022: India’s retail inflation in October eased to a three-month low of 6.77 per cent, according to the latest official data. On the food inflation, ICRA chief economist Aditi Nayar said a favourable base effect and a sequential downtick in the prices of fruits and oils and fats helped to cool food and beverages inflation to …

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