Indian Inflation

Markets today: Inflation at 5.48%; Nov WPI; Wall St falls; Gemmological IPO

At 7:25 AM, GIFT Nifty futures were trading 105 points lower at 24,543 levels, hinting at a gap-down start

PM Modi's entire focus on data manipulation, propaganda: Congress

The Congress on Thursday alleged that Prime Minister Narendra Modi's entire focus is not on reducing inflation, but on showing low inflation figures, and said a government that is focused on propaganda and data manipulation is not one that can be relied on to work for people's welfare. Congress general secretary in-charge communications Jairam Ramesh said India has seen ten years of a "Modi-made inflation", created and fostered by the government's poor policy-making. "The prime minister's entire focus is not on reducing inflation, but on showing low inflation figures. The government is now concertedly attempting to manipulate the Consumer Price Index (CPI) and Wholesale Price Index (WP1) figures to show inflation as being under control, even as the ground reality is that the common man is facing non-stop price rise," Ramesh said in a statement. He said price rise has been particularly high for food, fuel, and items of daily use, and it has placed a heavy burden on India's working ..

WPI inflation rises to 4-month high of 2.36% in Oct, food prices surge

Wholesale price inflation rose to a 4-month high of 2.36 per cent in October as prices of food items, especially vegetables, and manufactured goods turned dearer, as per the government data released on Thursday. The wholesale price index (WPI) based inflation was 1.84 per cent in September 2024. It was (-) 0.26 per cent in October, last year. As per the data, inflation in food items shot up to 13.54 per cent in October, as against 11.53 per cent in September. This was led by 63.04 per cent inflation in vegetables, as against 48.73 per cent in September. Inflation in potato and onion remained high at 78.73 per cent and 39.25 per cent, respectively, in October. Fuel and power category witnessed deflation of 5.79 per cent in October, against a deflation of 4.05 per cent in September. In manufactured items, inflation was 1.50 per cent in October, as against 1 per cent in the previous month. The month of October witnessed the second consecutive month of rise in WPI inflation print. WPI

Inflation in India to rise further to 5.81% on rising food costs: Poll

Annual retail inflation as measured by the CPI likely rose a second straight month to 5.81% in October, the highest since August 2023, says Reuters poll

Food-price volatility may pose risk to India's inflation: RBI Bulletin

Food prices, which account for nearly half of the retail inflation, rose 5.66 per cent in August, compared with a 5.42 per cent climb in the previous month

July inflation print did not cause any celebrations. Why it should have

The balance of risk around growth and inflation is shifting. Inflation risks are overstated, while emerging growth signals appear soft

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

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

Price rise in majority of states and UTs lower than 5.1%, shows data

A total of 12 out of 23 states and UTs recorded inflation lower than the all-India figure of 5.1 per cent

India Inc sees no long-term impact of Israel-Hamas war: BS CEO survey

If the war in the Israel-Gaza region escalates into a larger West Asian conflict, it could pose problems

Indian startup valuations rebound on path to profit, better macros

The firm increased the face value of its investment in e-commerce firm Meesho in its books by 14.3 per cent to $43.24 million as of July, bringing the company's valuation to around $5.04 billion

Tomato price surge could throw inflation trajectory off balance: RBI study

Wholesale tomato prices crossed Rs 150 per kilogram in markets last week. A few weeks ago, tomatoes were being sold at Rs 15 to 20 per kg

India remains a bright spot, likely to grow 6.7% in 2024: UNDESA report

UN retains CY23 forecast at 5.8%; investment, exports to remain weak

Inflation likely to hit 18-month low in April as price rise moderates: Poll

Predictions ranged from 4.40% to 5.80%, with respondents expecting inflation to remain below the RBI's 6.00% upper tolerance limit for the second consecutive month

When the randomness of monetary policy reminds one of a game of Ludo

The real issue may be that the RBI does not really subscribe to the mandate it has been given, and the govt, in a pre-election year, quietly supports such agnosticism, writes T N Ninan

PNB hikes FD interest rates by up to 30 basis points; check latest rates

Additionally, for FDs maturing between two and three years, the interest rates have been increased by 25 bps to 7% from 6.75%

RBI rate hike on expected lines; policy focuses inflation: Bankers

The Reserve Bank's decision to hike repo rate by 25 basis points was on expected lines but the policy focuses more on inflation despite the recent moderation in the number, bankers said on Wednesday. "Repo hike of 25 basis points is on the expected lines. Evidently, the policy is focused more on managing inflation, even though the recent retail inflation readings are showing signs of moderation," industry lobby Indian Banks Association's Chairman A K Goel, who also heads state-owned Punjab National Bank, said in a statement. It can be noted that the last two readings of the headline inflation have come within the upper tolerance band of the central bank and some analysts, including in-house economists at the country's largest lender SBI were expecting a pause on rate hike. With the latest hike, the repo rate is at 6.50 per cent. SBI Chairman Dinesh Khara said the continuing strength in US job data has made monetary policy making into a delicate balancing act for emerging economies

TMS Ep337: Markets, 2023 outlook, monetisation pipeline, census

What does 2023 have in store for Indian markets and economy? What are the five things that will impact you in 2023? Where is the National Monetisation Pipeline headed? What is a census? Answers here

Budget 2023: Exporters urge govt for fiscal incentives, lower customs duty

The meeting took place at a time when external demand is waning as exporters are facing global headwinds of high inflation, currency depreciation and geopolitical tensions

As deposit rates rise, where should you park your money?

Central banks around the world are raising rates to suck liquidity and bring down the soaring inflation. Banks too are passing on the rates. Find out where should you park your hard-earned money

Can't expect inflation to drop faster by raising rates: Jayanth R Varma

I think we can bring inflation down to 5 per cent in a couple of quarters, says MPC member Varma