Treasuries pared declines following the data, while the dollar fell and S&P 500 futures rose.
Even as the food inflation rate dropped to 3.96 per cent from 5.15 per cent, certain items saw an elevated rate of price rise
In the short term, take on part-time work and postpone discretionary expenses to cope with this round of price rise which may not end in a hurry
The second wave could increase risk for the banking system
Consumer price index (CPI)-based inflation rose to 5.52 per cent in March, from 5.03 per cent in February. Core inflation was at 5.7 per cent.
The decline in November was the biggest since May 2012, when core consumer prices fell 0.8%
The core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, fell 0.4% in August from a year earlier
As a result, though consumers might have been paying more for these crops, farmers have gained little
The Consumer Price Index (CPI) inflation rate during August, the data for which is yet to be released, was likely to remain at about 7 per cent, said SBI Ecowrap
Central bank may not cut rate in the near term
The August 6-10 Reuters poll of over 45 economists showed Indian retail inflation rose to 6.15 per cent last month from 6.09 per cent in June
According to the statement, inflation based on food index of CPI-AL and CPI-RL stood at (+) 8.57 per cent and (+) 8.41 per cent, respectively, in June 2020
The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months.
The government for the second month in a row released the truncated data on retail inflation in the backdrop of the lockdown following Covid-19 pandemic
MPC will have to work with an incomplete inflation picture
But it did revise the CPI inflation for March to 5.84 per cent from 5.91 per cent
The retail inflation based on Consumer Price Index (CPI) was 6.58 per cent in February 2020 and 2.86 per cent in March 2019
The weight for food and beverages components will decline from 46% to 39% in the new series
The index of industrial production (IIP) fell from a growth rate of 1.8 per cent, as the manufacturing sector slipped into negative territory again
Retail inflation rose sharply to 7.35 per cent in December 2019.