Page 5 - Cpi

Retail inflation may moderate in coming months: FinMin monthly review

WPI inflation for February eased to 3.85 per cent in February, the lowest in more than two years

US Consumer Price Index rises 0.4% for urban consumers in February

The index for shelter was the largest contributor to the monthly all items increase, accounting for more than 70 per cent of the increase, Xinhua news agency reported

Bitcoin jumps to highest since June as global markets rally gathers pace

Bitcoin jumped as much as 9.6% to $26,533, its highest since June 2022, in its fourth straight days of gains

Retail inflation above 6% in February, may trigger another rate hike

Experts see 25 bps hike in April; say wheat output may dip due to heat wave; El Nino may emerge as key determinant of food prices going ahead, if it strikes this summer

US inflation rises 0.5% in January, more interest rate hike likely

CPI is up 6.4% from the year-ago period; food and energy boosted the index

Bonds recoup losses after inflation shock as long-term players step in

Yield on the 10-year benchmark bond closed at 7.37 per cent, versus 7.36 per cent at previous close

Upside risks to CPI inflation likely to outweigh downside risks: Eco Survey

The Survey, which was tabled in Parliament on Tuesday by Finance Minister Nirmala Sitharaman, noted that India's inflation management is 'noteworthy' and can be contrasted with advanced economies

US inflation cools again to 6.5%, gives Fed room to downshift on rates

The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years. The measure was up 6.5% from a year earlier

Monetary policy making: 2022 was year of reset, 2023 could be a long pause

25 bps raise likely in Feb, before RBI hits status quo button, feel experts

US core inflation slows, giving Fed Reserve some breathing room on rates

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

Govt not to make RBI report on MPC's first-ever inflation failure public

MPC is said to have failed to achieve inflation target if average CPI inflation falls outside 2-6% range for three straight quarters. This was the case in the three quarters from Jan to Sept of 2022

RBI MPC: Here is what experts have to say about the policy announcement

Despite some signs of moderation, RBI Governor Shaktikanta Das said the main risk was that inflation would remain sticky and elevated

RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%

RBI governor Shaktikanta Das emphasises concerns on core inflation, says overall price momentum high

CPI MP urges PM Modi to look into 'irregularities' in farm insurance scheme

CPI MP Binoy Viswam has written to Prime Minister Narendra Modi and urged him to look into the "irregularities" in the government's flagship farm insurance scheme, alleging that the scheme has become a "bonanza" for private insurers. In the letter to Prime Minister Modi, Viswam has said that the Pradhan Mantri Fasal Bima Yojana (PMFBY) launched in 2016 was initiated to provide insurance protection to farmers against crop losses due to natural calamities. "But in recent years, there have been several reports of irregularities of grave nature committed by private insurance companies in settling insurance claims with farmers. This leads to the conversion of the scheme into a bonanza by the private companies to reap huge profits. Naturally, the farmers are denied their rightful protection under the scheme," he said. The Communist Party of India (CPI) MP further said that over the past five years, both the Central government and state governments have contributed about Rs 1.265 lakh cro

Multiple factors doubled retail inflation rate in wheat, rice since April

The spike in the prices of these two cereals was diametrically opposite to the cooling of the overall inflation rate and of food inflation, both of which hit a three-month low

Sensex falls 171 pts, Nifty holds 18,300; Dr.Reddy's down 4%, LIC jumps 6%

CLOSING BELL: The key benchmark indices gyrated in a narrow trading band on Monday, before settling with losses as FMCG stocks slipped.

D Raja re-elected as CPI general secretary at 24th party congress

The CPI unanimously re-elected senior leader D Raja as its general secretary at the conclusion of the 24th party congress at Vijaywada in Andhra Pradesh on Tuesday. Raja took over the reins of the party in July 2019, after its incumbent general secretary, Sudhakar Reddy, stepped down due to ill-health. The 73-year-old leader is the first person from the Dalit community to occupy the position in a mainstream communist party. On being re-elected, Raja said the primary agenda of his party will be to defeat the BJP. He called on a united Left to defeat the RSS-BJP combine. Criticising the Narendra Modi government at the Centre, he said it seeks to redefine and dismantle a secular India. Raja also expressed concerns over recent electoral performances of the Communist Party of India (CPI), which will complete 100 years in 2025. "We need to rejuvenate the party and also focus on being involved in mass movements," he said.

Despite economic recovery, real rural wage growth remains flat in FY23

The growth in nominal terms has been steady but the sharp rise in inflation seems to have eaten into the increase

As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier

The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken

India's inflation at 7.4%; What are inflation numbers in other countries?

Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints