Page 2 - India Inflation

Sharp spike in food prices bumps WPI inflation to 1.84% in September

Food price inflation surged to 11.53 per cent during the month compared to 3.11 per cent in August, data released by the Ministry of Commerce and Industry on Monday showed

RBI MPC: Short-term inflation risk remains in focus, says Shaktikanta Das

In a press statement after the RBI's Monetary Policy announcement, RBI Governor Shaktikanta Das said the inflation worries have eased but there is a need for greater vigilance

RBI policy: Prelude to future rate cuts? Inflation numbers hold the key

The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge

RBI likely to lay ground for interest rate cut on easing of major economies

Governor Shaktikanta Das has so far dismissed calls for rate cuts, concerned that high food prices will prevent inflation from staying at the 4 per cent target level on a sustainable basis

Has there been a slowdown in money supply after inflation targeting?

Apprehensions have been expressed in public domain of a slowdown in money supply on the back of an inadequate reserve money expansion and this could play a role in growth slowdown

Volatile price and polls likely behind rejig of duties, export cap

The Central government in a slew of measures late last week eased some of the export curbs on key commodities

Have distance to cover on inflation, can't look other way: RBI Governor

Central bank in no rush to cut rates as projections say inflation is moderating, says Shaktikanta Das

Inflation likely held steady at five-year low of 3.5% in August: Poll

Although food prices, which make up nearly half the inflation basket, have eased significantly in the last two months, erratic monsoon rains across India could harm crop yields

Revising the consumption basket

Changing the components of the consumer price index is a detail-oriented exercise that requires the attention of all stakeholders

India's July inflation 'dipped' below RBI target, high base effect at play

Rising food costs, especially for vegetables, and hikes in telecom tariffs last month were offset by a higher base from July last year

RBI monetary policy from August 6-8: when and where to watch; more details

According to a poll conducted by Business Standard ahead of the meeting, the central bank is expected to maintain a status quo for the ninth consecutive policy review

Eco Survey updates: FM Nirmala Sitharaman on Monday presented Economic Survey 2023-24 in Lok Sabha

Economic Survey 2024 LIVE news: The Economic Survey stated that short-term inflation outlook benign, but India faces persistent deficit in pulses

Remove food from inflation-targeting framework, explore options: Eco Survey

The Reserve Bank should stop looking at food inflation in deciding interest rates and the government should explore giving coupons or direct cash transfer to poor to deal with higher food prices, the pre-Budget economic survey said on Monday. While the inflation rate has moderated in recent months, the RBI has refrained from cutting benchmark interest rates -- which decide the rate at which home, personal and corporate loans are given by banks -- citing elevated food inflation. India introduced the inflation-targeting framework in 2016 under which the Reserve Bank of India (RBI) is mandated to keep retail inflation at 4 per cent, with a margin of 2 per cent on either side. The benchmark policy rates are decided bi-monthly by the RBI on the basis of movement in consumer price index, which includes food, fuel, manufactured goods and select services. "India's inflation targeting framework should consider targeting inflation, excluding food. Higher food prices are, more often, not ...

Costlier veggies: Eating out to get pricier as restaurants mull price hikes

The continuous heavy rainfall in key tomato-producing states like Maharashtra and Karnataka has disrupted transportation, leading to a shortage in supply and subsequent price hikes

HDFC Bank, JPMorgan Chase: Top 25 global banks' m-cap hits $4.11 trn in Q1

The combined market-capitalisation (market-cap) of the top 25 banks globally rose 5.4 per cent quarter-on-quarter (QoQ) in the April - June 2024 period (Q1-FY25)

Govt bond yields flat, traders eye crucial US inflation data for cues

On Wednesday, the Federal Reserve Chair Jerome Powell said he was not yet ready to declare victory over inflation but felt that the economy is on a stable path to steady prices

Consumers suffer as retail prices of vegetables remain steadily high

Retail prices for vegetables, eggs, and poultry meat remain high in Kolkata markets, causing suffering for the common man. Tomato prices have soared to Rs 80-100 per kg from Rs 45-50 a month ago, while Brinjal is selling for Rs 110-140 per kg, a jump of nearly 150 per cent from early June, greengrocers in several markets in the city said. Prices of several other vegetables such as bitter gourd, green chilli and bottle gourd have also increased by an average of 50 per cent. Egg and poultry meat prices have risen by 20-30 per cent in local markets. "Now tomatoes in Bengal are coming from other states. There is a short supply of tomatoes from Bangalore and Himachal Pradesh due to heat waves and heavy rain. The production was hit due to heat waves and disruptions in logistics due to heavy rain," a source in West Bengal Vendors Association told PTI. Agriculture Minister Sobhandeb Chattopadhyay said that people are facing price pain since the Centre reduced support for farmers in ...

Mospi sets up 26-member committee to decide new base year for GDP

The Advisory Committee on National Accounts Statistics to review data sources, align GDP with inflation and industrial indices

BS Poll: Majority sees neutral interest rate between 1% to less than 2%

A debate on real interest rate has picked up steam as the repo rate has been kept unchanged at 6.5 per cent since February 2023 despite inflation prints showing a downward trend

Easing inflation no respite for people's financial woes: Kantar report

Rural market 'bright spot' for consumer goods products, says consumer research firm