Page 3 - Consumer Price Index

Retail inflation for farm, rural workers drops to 5.01% and 5.05% in Dec

Retail inflation for farm and rural workers eased to 5.01 per cent and 5.05 per cent in December from 5.35 per cent and 5.47 per cent, respectively, in November 2024. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) remained unchanged for December 2024 at 1,320 and 1,331 points, respectively, a labour ministry statement said. According to the statement, the CPI-AL and CPI-RL were 1320 points and 1331 points, respectively, in November 2024. The year-on-year inflation rates based on CPI-AL and CPI-RL for December 2024 were recorded at 5.01 per cent and 5.05 per cent, respectively, compared to 7.71 per cent and 7.46 per cent in December 2023, it added. The corresponding figures for November 2024 were 5.35 per cent for CPI-AL and 5.47 per cent for CPI-RL.

Wholesale price inflation soars to 2.37% in Dec; food prices see decline

The wholesale price index (WPI) based inflation stood at 0.86 per cent in December last year

Rupee recovers from record low, rises 21 paise to 86.49 against US dollar

The rupee rebounded from its lowest-ever level and appreciated 21 paise to 86.49 against the US dollar in early trade on Tuesday on the back of retreating American currency and easing crude oil prices. According to forex traders, the Indian currency found support from positive inflation numbers and some recovery in domestic equity markets even though the outflow of foreign funds continued to play a negative role. At the interbank foreign exchange, the rupee opened at 86.57 and pared further losses to trade at 86.49 against the greenback in initial deals, 21 paise higher from its previous close. On Monday, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the US dollar. The fall of 66 paise in one session was the steepest since February 6, 2023, when the unit had lost 68 paise. The Indian currency has plunged more than Re 1 in the past two weeks from the closing level of 85.52 on December 30. I

Consumer goods sector faces a muted quarter as urban demand stays sluggish

Despite these challenges, revenues for tracked companies are projected to grow 6 per cent year-on-year, primarily driven by price increases, while volume growth will stay in the low single digits

HCES shows some reassuring trends, urging CPI and policy overhaul

Shifting household consumption patterns and evolving priorities call for updates to inflation indices and a rethink of food and subsidy policies in India

Retail inflation for farm workers eases to 5.35%, rural labourers to 5.47%

Retail inflation for farm workers and rural labourers dipped to 5.35 per cent and 5.47 per cent in November compared to 5.96 per cent and 6 per cent, respectively, in October this year. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 5 points each in November 2024, reaching levels of 1,320 and 1,331, respectively, a labour ministry statement said. The CPI-AL and CPI-RL were 1,315 points and 1,326 points, respectively, in October 2024. "The year-on-year inflation rates based on CPI-AL and CPI-RL for the month of November 2024 were recorded at 5.35 per cent and 5.47 per cent, respectively, compared to 7.37 per cent and 7.13 per cent in November 2023. The corresponding figures for October 2024 were 5.96 per cent for CPI-AL and 6.00 per cent for CPI-RL," it stated.

2024 financial wrap: Inflation, GDP, and RBI's regulatory vigilance

The overarching theme of this year has been the RBI's new approach to vigilance

Fuelling growth, taming inflation to top Sanjay Malhotra's agenda at RBI

The pace of the country's economic growth moderated sharply in the second quarter ended September 2024

Retail inflation for farm workers eases to 5.96%, rural labourers to 6%

Retail inflation for farm workers and rural labourers eased to 5.96 per cent and 6 per cent, respectively, in October from 6.36 per cent and 6.39 per cent in September. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 11 points and 10 points, respectively, in October 2024, reaching levels of 1,315 and 1,326, a labour ministry statement said. According to the statement, the CPI-AL and CPI-RL were at 1,304 points and 1,316 points, respectively, in September 2024. "The year-on-year inflation rates based on CPI-AL and CPI-RL for the month of October 2024 were recorded at 5.96 per cent and 6.00 per cent, respectively, compared to 7.08 per cent and 6.92 per cent in October 2023. The corresponding figures for September 2024 were 6.36 per cent for CPI-AL and 6.39 per cent for CPI-RL," it said.

As inflation pinches, govt mulls reducing food weighting in CPI. Here's why

The govt is exploring a reduction in food's weight in the Consumer Price Index to reflect changing consumption patterns and manage inflation, as food prices remain volatile and seasonally driven

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

Centre likely to announce 3-4% DA hike for employees ahead of Diwali

The potential increase in Dearness Allowance is expected to bring a financial boost to government employees

Retail inflation for industrial workers eases to 3.67% in June: Govt

Retail inflation for industrial workers slipped to 3.67 per cent in June from 3.86 per cent in the previous month this year mainly due to lower prices of certain food items. "Year-on-year inflation for the month of June 2024 moderated to 3.67 per cent as compared to 5.57 per cent in June 2023," a Labour Ministry statement said. The All-India Consumer Price Index for Industrial Workers CPI-IW for June 2024 was at 141.4 points against 139.9 points in May 2024. Food and Beverages Group under the CPI-IW was at 148.7 points in June 2024 against 145.2 points in May this year. The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling Consumer Price Index for Industrial Workers every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country.

Consumer price inflation seen up in June due to soaring vegetable prices

Prices of tomatoes, onions, and potatoes - staples in every Indian kitchen - surged by double digits last month as extreme heat, heavy floods in northern states disrupted agricultural production

Retail inflation eases to a 12 month low in May, IIP slows in April

IIP growth moderated during April as manufacturing growth decelerated to 3.9 per cent from 5.76 per cent in March

Govt plans to change base year of key economic gauges like CPI to FY23

Economic indices such as the Index of Industrial Production (IIP), Wholesale Price Index (WPI), and National Income are benchmarked to FY12

Retail inflation eases to 4.83% in April on softening fuel prices

Core inflation has also trended downwards at 3.2 per cent, which is the lowest in the 2012 base CPI series

March retail inflation eases to 10-mth low of 4.85%; IIP grows 5.7% in Feb

But remains well above RBI's 4 per cent target

Retail inflation eases to 4.85% in March, IIP grows 5.7% in February

The government has tasked the Reserve Bank to ensure inflation remains at 4%, with a margin of 2 per cent on either side

Bond yield touches 2-month high; tracking a rise in US Treasury yields

New 10-year bond becomes the second most traded