Consumer Price Index Inflation

The govt is exploring a reduction in food's weight in the Consumer Price Index to reflect changing consumption patterns and manage inflation, as food prices remain volatile and seasonally driven

Annual retail inflation as measured by the CPI likely rose a second straight month to 5.81% in October, the highest since August 2023, says Reuters poll

Prices of tomatoes, onions, and potatoes - staples in every Indian kitchen - surged by double digits last month as extreme heat, heavy floods in northern states disrupted agricultural production

The US Federal Reserve is expected to keep interest rates unchanged in today's announcement. With that, all eyes will on whether it adjusts its forecasts for potential rate cuts this year

India Inc welcomed the Reserve Bank's move to raise the growth outlook for FY25 and stated that it expects the Reserve Bank to reduce the key repo rate when inflation stabilises within its target band. The Reserve Bank, which has been mandated to ensure inflation remains at 4 per cent (with a margin of 2 per cent on either side), mainly factors in CPI while arriving at its monetary policy. It left the key interest rate unchanged as widely expected, keeping the focus on inflation amid robust economic growth that is likely to provide the new Modi government headroom for manoeuvring reforms. The central bank also retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while emphasising that uncertainties related to food price outlook warrant a close monitoring. Consumer Price Index (CPI)-based retail inflation has been projected at 4.5 per cent with quarter-wise projections at 4.9 per cent in Q1 (April-June), 3.8 per cent in Q2, 4

The March core consumer price index, a measure of underlying inflation that excludes food and fuel, is seen rising 0.3% from a month earlier after a 0.4% advance in February

Says CAD needs to be watched in FY25

This is the first time the ministry is revising the base in over a decade. Currently, the base year for calculations of CPI is 2011-12

With wholesale prices galloping in double-digits since April last year, companies found themselves in a fix, raise prices too much and hurt a nascent recovery in demand or absorb costs and take a hit

The consumer price index in China rose 2.7% last month from a year earlier as pork prices surged 20.2%

The excise duty cuts for petrol and diesel and duty cuts on other items may have played a part in cooling inflation

Reuters poll of 45 economists shows CPI for June is likely to come in at 7.1%; Excise cuts on fuel, duty cuts on other items may have helped cool down inflation

Price pressure will need a monetary response

Notably, high commodities cost especially of transport fuel prices triggered a wider inflationary trend in January 2022

The Reserve Bank of India (RBI) retained its inflation projection at 5.3 per cent for the current financial year

CPI-IW is used to compute DA of govt employees and industrial workers. The DA gets revised twice a year and is meant to adjust wage to the impact of inflation

If interest rates aren't reduced quickly & in good measure, the economy will continue to struggle

Food prices rose the fastest in 5 years for the month in villages

Consumer prices rose 4.6 percent in April from a year earlier, the statistics ministry said in a statement in New Delhi on Monday, higher than the 4.4 percent median estimate in a Bloomberg survey

The All-India CPI-IW for November increased by 1 point and pegged at 288