Retail inflation: The jump in inflation was due to a rise in food prices as food inflation came in at 9.53 per cent in December
According to data by Bizom, prices of edible oils ranged from a fall of 13.3 per cent to 30.2 per cent in November this year compared to last year
IIP surges 11.7% in Oct; uptick in food prices lifts retail inflation to 5.55% in Nov
The consumer price index edged up 0.1% last month after being unchanged in October, the Labor Department's Bureau of Labor Statistics said Tuesday
Retail inflation: In the recent MPC announcement, RBI Governor Shaktikanta Das had said that the inflation figures may show an uptick in November and December owing to food output pressures
Food inflation, which accounts for nearly half of the overall consumer price basket, was 6.61% in October
Analysts said the recent inflation reading in the US suggests the Fed may be done with rate hikes and the timeline for rate cuts in 2024 could be sooner than expected
"Another rate hike from here looks less likely given this softer inflation data," Miskin said
Food inflation remained sticky as it slightly moderated to 6.61 per cent in October from 6.62 per cent in September due to the prices of items within the category cancelling each other out
Closing Bell on November 13, 2023: SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, and HDFC Bank were the top laggards
On the evidence at hand, inflation targeting works only when the world economy is normal, and demand swings up and down in small cycles that monetary policy tackles, writes T N Ninan
Retail inflation eased to a three-month low in September on the back of softer vegetable prices, but remained above a 4% target that the central bank has signalled would be key before easing rates
Food inflation fell to 6.56 per cent in September against 9.67 per cent in August
Resilient demand in the world's largest economy, bolstered by unrelenting job growth, has complicated Federal Reserve efforts to get inflation down to its preferred level
The surge in the headline CPI inflation has expectedly proved to be transient. The print had cooled off to 6.8 per cent in August 2023 from the 15-month high of 7.4 per cent in July
Rural inflation was on the higher side at 7.02 per cent, compared to urban inflation at 6.59 per cent in August
The work on appropriate weights of various items could be completed once the household consumption expenditure survey is out
Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent
CPI inflation: This is the highest retail inflation since April 2022 when it was recorded at 7.79 per cent
Monetary policy has made significant progress towards price stability; the recent spike in CPI inflation is expected to be short lived, going by past trends