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
The cost of a home-cooked vegetarian thali in Mumbai has increased by 65% in the last five years. At the same time, the average wage earned by a casual labourer working in urban Maharashtra has increased by only 37% and that of a salaried worker has increased by 28%. This disparity between wages/salaries and expenditure … Read more
India needs major supply side reforms to check the wild swings in vegetable prices which put the inflation calculation in jeopardy, even as the world’s fifth largest economy is expected to regain momentum in the second quarter, offsetting the exports contraction on account of worldwide slump in demand, Reserve Bank of India said in its … Read more
Consumer price inflation is expected to overshoot the Reserve Bank’s tolerance mark of 6 per cent again in July and August due to the sky high vegetable prices, a Japanese brokerage said on Friday. The government, which banned non-basmati rice exports earlier this week, is likely to usher in more supply-side measures to tame the … Read more
Indian retail inflation likely eased to a three-month low in April on softening prices for vegetables and other perishable foods, a Reuters poll suggested, bringing the headline rate closer to the midpoint of the Reserve Bank of India‘s medium-term target. That reprieve would provide policymakers with some relief as they seek to keep prices under … Read more