A 10 per cent increase in crude oil prices, according to Nomura's estimates, may raise India's headline inflation by around 30 basis points (bps), add around 0.3 per cent of GDP to CAD
Noticeable slide was orchestrated by a fall in prices of vegetables
The fixed-income securities of the three countries appear the most vulnerable to any surge in consumer prices, according to a Bloomberg study of 10 emerging markets
As per government data, retail inflation had increased to 6.09 per cent in June, mainly on account of higher prices of food items
The June 4-9 poll of 35 economists showed that the consumer price index (CPI) was forecast to rise to 5.50% in May compared with a year ago
The data released last week also showed that the consumer price index- (CPI-) based inflation rate declined to 6.58 per cent from 68-month high of 7.59 per cent over this period
The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014, however, recently there has been an "uptick
The report said even as food CPI will remain elevated, core CPI will go below 3 per cent in this fiscal.
Inflation in the food basket spiked to 7.89 per cent in October 2019, against 5.11 per cent the previous month.
The Reserve Bank kept the key policy rate unchanged at 6 per cent for the third consecutive time in the last policy meet in view of the firming inflation
The consumer price inflation too was at a 15-month high last month
The survey predicted annual consumer price inflation nudged up to 5.52% in May from April's 5.39%