India’s retail inflation almost unchanged in Feb; here’s what experts say

India’s retail inflation almost unchanged in Feb; here’s what experts say

Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December. The retail inflation in India though is in RBI‘s 2-6 per cent comfort level but is above the ideal 4 per cent scenario. … Read more

India inflation likely cooled to a three month low in January: Reuters poll

India inflation likely cooled to a three month low in January: Reuters poll

India’s retail inflation likely eased to a three-month low of 5.09% in January on slowing food price rises and favourable base effects, according to economists polled by Reuters who also predicted a moderation in core inflation to 3.70%. The Reserve Bank of India, which held its repo rate at 6.50% for a sixth consecutive meeting … Read more

Retail inflation for farm workers rises to 7.71 pc in Dec

Retail inflation for farm workers rises to 7.71 pc in Dec

New Delhi: Retail inflation for farm workers and rural labourers increased marginally to 7.71 per cent and 7.46 per cent in December compared to 7.37 per cent and 7.13 per cent, respectively, in November due to higher prices of certain food items. Food inflation stood at 9.95 per cent and 9.80 per cent in December … Read more

Economic growth to remain strong at 6.2% in 2024; private consumption and public spending to provide support

Economic growth to remain strong at 6.2% in 2024; private consumption and public spending to provide support

Robust domestic demand and strong growth in the manufacturing and services sector will help sustain growth in India in 2024 despite global headwinds, the UN said Friday. In its World Economic Situation and Prospects 2024 report, the UN projected the Indian economy to grow 6.2% in 2024, slightly lower than the 6.3% estimated for 2023. … Read more

India inflation likely softened to nine-month low in November: Reuters Poll

India inflation likely softened to nine-month low in November: Reuters Poll

India consumer price inflation likely cooled to a nine-month low of 6.40% in November mainly due to a moderation in food prices, according to a Reuters poll of economists. Inflation has stayed above the upper end of the Reserve Bank of India‘s 2%-6% tolerance band all year and this has triggered 225 basis points of … Read more

Retail inflation for farm, rural workers rise to 6.43 per cent and 6.76 per cent in June

Retail inflation for farm, rural workers rise to 6.43 per cent and 6.76 per cent in June

Higher prices of certain food items have pushed the retail inflation for farm workers and rural labourers to 6.43 per cent and 6.76 per cent, respectively, in June. In the same month last year, the retail inflation for farm workers stood at 3.83 per cent and that for rural labourers was at 4 per cent … Read more

India’s retail inflation in November firms up to 4.91%

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India’s benchmark inflation rate, measured by the Consumer Price Index (CPI) firmed up to 4.91% year-on-year in November on the back of a rise in vegetable prices, data released by the Ministry of Statistics and Programme Implementation on Monday showed. With this, the CPI has remained within the tolerance level of 2%-6% for the fifth … Read more

India’s inflation may accelerate past RBI target

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India’s retail and wholesale inflation will probably accelerate during the second half of this year, according to economists surveyed by Bloomberg. The wholesale price index is expected to continue to grow in double-digits, at 10.71% from a year during the July-September quarter, up from the previous forecast of 10.12%, before slowing to 9.13% in the … Read more