Page 3 - Consumer Price Inflation
India's retail inflation likely held steady just above 7% in June: Poll
The July 4-8 Reuters poll of 42 economists showed inflation as measured by the consumer price index (CPI) was steady at an annual 7.03% in June, versus 7.04% in May
 "India's retail inflation likely held steady just above 7% in June: Poll")
UK inflation rate hits new 40-year high of 9.1% in May, likely to rise more
The Bank of England says inflation could hit 11% in October when a cap on domestic energy bills is lifted
 "UK inflation rate hits new 40-year high of 9.1% in May, likely to rise more")
Sri Lanka' May consumer prices soar 45.3% YoY, highest since 2015
A sharp drop in foreign exchange reserves has left the country of 22 million people struggling to pay for essential imports of food, fuel and medicine.
 "Sri Lanka' May consumer prices soar 45.3% YoY, highest since 2015")
High prices drag India discounts to 7-week low; China demand sluggish
High prices have slumped Indian discounts and the Chinese market has also remained unpromising for the time being
 "High prices drag India discounts to 7-week low; China demand sluggish")
Inflation in Turkey hits record 48.7% following interest rate cuts
Consumer price inflation surged for an eighth straight month to reach an annual 48.7%, the highest since April 2002 and up sharply from 36.1% in December
 "Inflation in Turkey hits record 48.7% following interest rate cuts")
China's factory gate inflation slows further after cooling measures
Consumer price inflation also slowed last month as food prices fell, the National Bureau of Statistics (NBS) said in a statement
 "China's factory gate inflation slows further after cooling measures")
Excise cut on petrol, diesel to cost government Rs 45,000 crore: Nomura
A cut in excise duty on petrol and diesel and the ensuing drop in retail selling price of these auto fuels should also help address inflation concerns to some extent, analysts said
 "Excise cut on petrol, diesel to cost government Rs 45,000 crore: Nomura")
Household inflation expectation: Rarely in sync, yet a key policy driver
There will always be a gap between actual inflation and household expectation. Yet the latter is broadly indicative of trends and is a critical input for controlling prices
 "Household inflation expectation: Rarely in sync, yet a key policy driver")
Commodity price rise can bump up inflation by 1%, warns Nomura
A 10 per cent increase in crude oil prices, according to Nomura's estimates, may raise India's headline inflation by around 30 basis points (bps), add around 0.3 per cent of GDP to CAD
 "Commodity price rise can bump up inflation by 1%, warns Nomura")
Retail price inflation falls to 5-month low of 4.35% in Sept on food prices
Noticeable slide was orchestrated by a fall in prices of vegetables
 "Retail price inflation falls to 5-month low of 4.35% in Sept on food prices")
Bonds to be hit hardest by inflation shock in India, Russia, Mexico
The fixed-income securities of the three countries appear the most vulnerable to any surge in consumer prices, according to a Bloomberg study of 10 emerging markets
 "Bonds to be hit hardest by inflation shock in India, Russia, Mexico")
India will continue to face inflationary pressures in near term: Report
As per government data, retail inflation had increased to 6.09 per cent in June, mainly on account of higher prices of food items
 "India will continue to face inflationary pressures in near term: Report")
India inflation likely to have moderated to a six-month low in May: Poll
The June 4-9 poll of 35 economists showed that the consumer price index (CPI) was forecast to rise to 5.50% in May compared with a year ago
 "India inflation likely to have moderated to a six-month low in May: Poll")
WPI-based inflation eases to 2.26% in February on cheaper food items
The data released last week also showed that the consumer price index- (CPI-) based inflation rate declined to 6.58 per cent from 68-month high of 7.59 per cent over this period
 "WPI-based inflation eases to 2.26% in February on cheaper food items")
Uptick in retail prices in FY20 mainly on veggies, pulses: Survey
The Economic Survey 2019-20, presented in Parliament by Finance Minister Nirmala Sitharaman stated that inflation has been witnessing moderation since 2014, however, recently there has been an "uptick
Retail inflation may average 4% in FY20, but RBI may cut rate: SBI report
The report said even as food CPI will remain elevated, core CPI will go below 3 per cent in this fiscal.
 "Retail inflation may average 4% in FY20, but RBI may cut rate: SBI report")
Retail inflation surges to 4.62% in October on higher food prices
Inflation in the food basket spiked to 7.89 per cent in October 2019, against 5.11 per cent the previous month.
 "Retail inflation surges to 4.62% in October on higher food prices")
CPI inflation to trend higher; chances of rate hike rising: Report
The Reserve Bank kept the key policy rate unchanged at 6 per cent for the third consecutive time in the last policy meet in view of the firming inflation
 "CPI inflation to trend higher; chances of rate hike rising: Report")
Hope vegetable prices would fall soon: DEA Secretary
The consumer price inflation too was at a 15-month high last month
 "Hope vegetable prices would fall soon: DEA Secretary")
Inflation likely edged up to 5.52% in May, says poll
The survey predicted annual consumer price inflation nudged up to 5.52% in May from April's 5.39%
 "Inflation likely edged up to 5.52% in May, says poll")
