Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%
The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs
Core inflation inches up; manufacturing activity declines
Rate of core price rise has been over 5% for over two years and remained over 6% for five months till Oct
The International Monetary Fund (IMF) recently released a regional economic outlook (REO) on Asia and Pacific, in which it cut the growth projections for the region
The Reserve Bank of India last month also revised its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier
While the govt has introduced windfall tax and export curbs to arrest runaway prices, a lot depends on how the monsoon pans out this season
The dent due to rising petrol and diesel prices comes at a time when most households across the country are grappling with higher medical expenses due to the Covid pandemic and rising commodity prices
Core inflation refers to inflation with price rise in fuels and food items left out.
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.
However, some want core to be monitored as well, MPC should be given leeway to choose target
After a year of high inflation-low growth, a sharp dip in food inflation tames the headline number
It isn't just protein diet and cereals that are becoming expensive despite bumper output the past few years; even personal care products and recreation have surprisingly become very costly
Consumer spending fell in real terms in 2017-18, its first decline in four decades, Business Standard reported Friday.
But core inflation, which excludes the volatile components of food and fuel, stood at 3.3 per cent in October; this is its lowest in eight years
Nomura estimates the annual core rate could rise as much as 60 basis points