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

Retail inflation for farm workers rises to 7.37 pc in November, 7.13 pc for rural labourers

Retail inflation for farm workers rises to 7.37 pc in November, 7.13 pc for rural labourers

Retail inflation for farm workers rose to 7.37 per cent and that for rural labourers climbed to 7.13 per cent in November, mainly due to higher prices of certain food items. Retail inflation in October was 7.08 per cent and 6.92 per cent for farm workers and rural labourers, respectively, according to an official statement. … Read more

Rise in global commodities a threat even as easing local vegetable prices cool inflation: RBI bulletin

Rise in global commodities a threat even as easing local vegetable prices cool inflation: RBI bulletin

Mumbai: Even as easing vegetable prices have brought down retail inflation, risks are emerging from the global commodity markets as crude oil ruling above $90 per barrel poses a challenge, the latest state of the economy report published in the Reserve Bank of India bulletin said. On a positive note, economists from the Reserve Bank … Read more

Record high temperatures in Feb may lead to more rate hikes from RBI, says India Ratings

Record high temperatures in Feb may lead to more rate hikes from RBI, says India Ratings

Mumbai: The record heat in February can lead to more rate hikes from RBI, a domestic rating agency said on Tuesday. The high temperatures will impact the wheat production, the rating agency said, adding that the surge in wheat prices contributed to over a tenth of the retail inflation in December and January, which is … Read more

RBI to continue or hit the pause button on rate hike?

RBI to continue or hit the pause button on rate hike?

Chennai: With the retail inflation down, if the Reserve Bank of India‘s (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8. The RBI’s MPC will be meeting on February 6-8 to decide on the rates. “Inflation … Read more

Wage growth squeeze emerging as bigger worry in India: India Ratings

Wage growth squeeze emerging as bigger worry in India: India Ratings

Dwindling wage growth is emerging as a bigger headache despite economic recovery gains as it leads to tepid demand and results in under-utilisation of capacity, further widening the output gap, India Ratings said in a note on Thursday. According to the report, households accounting for 44-45 per cent of the GVA have witnessed a decline … Read more

Retail inflation rises to 6.01 per cent in January, breaches RBI’s comfort mark

Retail inflation rises to 6.01 per cent in January, breaches RBI’s comfort mark

India’s benchmark inflation rate, measured by the Consumer Price Index (CPI) rose to 6.01 per cent year-on-year in January 2022, data released by the Ministry of Statistics and Programme Implementation on Monday indicated. The figure for January has clearly crossed RBI confort zone, although marginally. Retail inflation was 5.66 per cent (revised) in December and … Read more

Retail inflation for industrial workers rises to 5.56 pc in December

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Retail inflation for industrial workers rose to 5.56 per cent in December 2021, compared to the same month a year ago mainly due to higher prices of certain food items, the labour ministry said on Monday. “Year-on-year inflation for the month (December 2021) stood at 5.56 per cent compared to 4.84 per cent for the … Read more

Retail inflation eases further to 5.3% in August

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Inflation further eased to 5.3 per cent after dropping to 5.59 per cent in July. This will be the second-consecutive month that the inflation will be between 4 and 6 per cent, which is the RBI’s tolerance band. Food prices fell by 3.11 per cent this month, causing the drop in inflation. After the pandemic … Read more