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What is Inflation

Inflation

About Inflation

What is Inflation

Inflation can be defined as a persistent rise in the general price of goods and services of common or daily use — such as clothing, food, fuel, transport, etc — which results in an increase in the cost of living.
 
Inflation is the measure of change in average price of services and commodities, done at regular intervals. It indicates a decrease in the purchasing power of a unit of a nation’s currency as the products and services get more expensive. Basically, inflation is the difference between aggregate demand and aggregate supply of goods and services. When aggregate demand exceeds the supply
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Latest Updates on Inflation

RBI's new Guv initiates review of inflation, growth forecasting tools

Malhotra, who took charge last month, is asking the RBI's internal teams to include new datasets, analysis and projections in their inflation and growth forecasts

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Updated On : 09 Jan 2025 | 1:17 PM IST

German inflation rises more than expected in Dec on higher food prices

The annual consumer price inflation rate rose to 2.9 per cent, higher than the 2.6 per cent forecast by analysts

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Updated On : 06 Jan 2025 | 8:00 PM IST

Rural poverty ratio fell below 5% in FY24 for the first time: SBI Research

In comparison, the poverty ratio in urban areas fell to 4.09 per cent from 4.6 per cent during the same period

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Updated On : 03 Jan 2025 | 11:51 PM IST

Year in review: Energy woes to AI boom, top global economic trends of 2024

From continuing energy market volatility driven by geopolitical tensions to the AI boom transforming industries, economic trends have been anything but predictable

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Updated On : 31 Dec 2024 | 1:50 PM IST

HCES shows some reassuring trends, urging CPI and policy overhaul

Shifting household consumption patterns and evolving priorities call for updates to inflation indices and a rethink of food and subsidy policies in India

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Updated On : 30 Dec 2024 | 10:46 PM IST

ECB likely to delay next rate cut due to recent increase in inflation

Euro zone annual inflation accelerated in November to 2.2 per cent from 2.0 per cent a month earlier and above the ECB's 2 per cent target rate

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Updated On : 28 Dec 2024 | 5:11 PM IST

Turkiye's central bank lowers key interest rate to 47.5%, 1st cut in 2 yrs

Citing slowing inflation, the bank's Monetary Policy Committee said it was reducing its one-week repo rate to 47.5 per cent from the current 50 per cent

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Updated On : 26 Dec 2024 | 7:59 PM IST

Year in Review: How inflation pinched pockets of Indian households in 2024

Indian households grappled with soaring prices in 2024 as inflation strained budgets and reduced purchasing power. High inflation rate cut into savings and curbed discretionary spending of consumers

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Updated On : 26 Dec 2024 | 1:10 PM IST

Banks' average daily reserves fall after FIT framework: RBI report

RBI introduced ASISO facility in August 2020 to offer greater flexibility in managing day-end cash reserve ratio balances

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Updated On : 25 Dec 2024 | 7:01 PM IST

India's small businesses drive jobs growth, wage gains curbed by inflation

The number of small manufacturing businesses, mainly family- owned units such as garment makers, auto component makers and food processing enterprises, grew to 20.15 million

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Updated On : 24 Dec 2024 | 9:05 PM IST

People struggling with rising prices, govt sleeping like Kumbhkaran: Rahul

People are struggling with rising prices and are forced to compromise on small things of daily needs, said Rahul

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Updated On : 24 Dec 2024 | 12:02 PM IST

India's economy faces slower growth in 2025, macro risks intensify

In 2025, macro policies will need to support domestic demand, but without compromising on macrofinancial stability risks

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Updated On : 23 Dec 2024 | 10:26 PM IST

Retail inflation for farm workers eases to 5.35%, rural labourers to 5.47%

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 5 points each in November 2024, reaching levels of 1,320 and 1,331

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Updated On : 23 Dec 2024 | 6:06 PM IST

Congress attacks Modi govt over rising food prices, spiraling inflation

Congress general secretary in-charge communications Jairam Ramesh said the people want answers not more jumlabaazi

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Updated On : 23 Dec 2024 | 2:47 PM IST

Out of sync: Persistent mismatch between MGNREGA wage growth and inflation

Over the past few years, wage growth has consistently trailed both general and food inflation rates, with the exceptions of FY21 and FY24

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Updated On : 22 Dec 2024 | 8:00 PM IST

BoE to hold key rate despite slow economic growth, high inflation

The UK's central bank is set to keep interest rates on hold later Thursday as inflation has moved further above its target rate, even though the British economy is flatlining at best.

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Updated On : 19 Dec 2024 | 4:53 PM IST

Canada's inflation rate dips to 1.9% in November driven by price slowdown

After the substantial reduction in interest rates, triggered by the return of inflation to the bank's target this year, BoC Governor Tiff Macklem indicated last week that further cuts would be more

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Updated On : 17 Dec 2024 | 7:29 PM IST

Impact of digitalisation on inflation needs close monitoring: DG Patra

Patra highlighted that digitalisation can be regarded as a long-term technology shock impacting economic growth, productivity, labour markets, older technologies, and inflation

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Updated On : 16 Dec 2024 | 11:27 PM IST

An open letter to the RBI Governor: On growth, inflation, rupee challenges

You have come at a time when the growth-inflation dynamics is changing and the rupee is under pressure

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Updated On : 15 Dec 2024 | 5:02 PM IST

Stability, trust, and growth key: RBI Guv Sanjay Malhotra in first address

'We cannot be stuck. We have to be agile while maintaining policy continuity,' Sanjay Malhotra said in his first address as RBI governor

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Updated On : 11 Dec 2024 | 4:26 PM IST