Key Points
The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures..
According to a report by the Union Bank of India, retail inflation based on the Consumer Price Index is seen jumping to 6.15 per cent, breaching RBI's 6 per cent tolerance band.ANICPI inflation is likely to breach 6% in October: UBI report..
India's retail inflation for September reached 5.49 per cent from 3.65 per cent in August, reflecting an uptick primarily due to higher food prices...
The Union Bank of India report said while the RBI monetary policy did mention the October inflation "hump", the extent of the inflation spike may not provide any comfort as the November reading is also tracking at elevated levels...
Food prices continue to remain a pain point for the policymakers in India, who wish to bring retail inflation to 4 per cent on a sustainable basis...
You might be interested in
Govt may introduce 'Bharat Rice' at discounted rate of Rs 25/kg ahead of 2024 Lok Sabha elections: Report
27, Dec, 23The government is considering introducing 'Bharat rice' at a discounted rate of Rs 25 per kilogram to tackle escalating food prices ahead of the general elections.
India’s WPI inflation eases to 3.85 per cent in February
14, Mar, 23The WPI is one of the two indices that measure inflation in India. The other is Consumer Price Inflation (CPI). The WPI captures prices at the level of production or manufacturing, taking into account goods traded between companies, as against the CPI that measures prices at the retail consumer level. Food items, which constitute a major part of the CPI, drive retail inflation, while for the WPI, it's manufactured goods.
Food inflation worries persist in wholesale inflation data for September
16, Oct, 23Manufactured products, fuel and power also see sequential pick up
CEA Nageswaran: 'We’re comfortable with 6.5% GDP growth and we don’t see downside risks arising'
01, Sep, 23Says spike in food prices is a temporary issue and government and RBI are intervening when necessary
Wholesale inflation stays in negative for 4th month at (-)1.36% in July on easing prices of fuel
14, Aug, 23Fuel and power basket inflation eased to (-)12.79% in July from (-)12.63% in June. In July last year it was 14.07%.
Pakistan's inflation hurting people—power to housing, storm of 'price rise' is everywhere
03, Jan, 24State Bank of Pakistan's decision to keep the interest rate unchanged to meet IMF bailout conditions has placed additional burden on the consumers.
India's retail inflation to remain above 5% till May: SBI Research report
13, Mar, 24India Business News: India's retail inflation expected to decline to 3% in July. Protein items and vegetable prices increased in Feb. Core CPI declined to 52-month low. RB
Experts see WPI inflation rising in second half this fiscal
16, Oct, 23Experts predict that the Wholesale Price Index (WPI) in India will rise in the second half of the fiscal year, and a prolonged deflationary trend could negatively impact growth. Wholesale inflation has remained in the negative territory for the sixth consecutive month in September, primarily due to falling prices of food items. The contraction in WPI is attributed to decelerating food prices and declining fuel and manufactured product prices. While a slight increase in WPI is expected, overall WPI inflation is anticipated to remain low.
Explained: Why your monthly grocery expenses are going up again
18, Feb, 23Household grocery expenses have gone up significantly since last month due to the rising prices of several essential commodities. Read to know which essential food items are responsible for increasing your grocery bills.
Retail inflation expected to come down to 5 pc by March: SBI report
12, Jan, 24New Delhi [India], January 12 (ANI): Retail inflation in India is unlikely to come down much but is expected to hold at nearly the same level in the January-March 2024 quarter. Once the CPI comes under control for fruits, vegetables, spices, and cereals, headline inflation is expected to drastically reduce to come near the mid-point […]