The CPI-IW hasn't been revised since 2001 - an exercise which should usually take place every five years
All that happened in the markets today
The MPC held its first meeting in October 2016 under then-Governor Urjit Patel
Inflation breaches 6% for second straight quarter, set to cross limit for third quarter
Official data released on Thursday showed that CPI for July rose 6.93 per cent year on year, up from 6.23 per cent in June
Local lockdowns, taxes on fuels, services, hardening commodity prices may drive up inflation: Economists
Divergence seen narrowing in June as lockdown restrictions are eased
Food inflation in WPI rose to 2.04 per cent in June from 1.13 per cent due to disruptions caused by rains
Manufactured products, however, witnessed inflation of 0.08 per cent in June. In May deflation was 0.42 per cent
The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months.
The government for the second month in a row released the truncated data on retail inflation in the backdrop of the lockdown following Covid-19 pandemic
All that happened in the markets today
The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues
It's one of those rare periods where deflation is also possible. The RBI may have to adjust money supply in either direction
But it did revise the CPI inflation for March to 5.84 per cent from 5.91 per cent
Prices are likely to rise again in April, according to analysts, with the actual impact of the Covid-19 and the resultant lockdown yet to be fully seen.
It's time for thoughtful decisions through 2020 and 2021, where the desired outcome is one where private investment in 2025 is superior to the value seen in 2011 in real terms
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
The weight for food and beverages components will decline from 46% to 39% in the new series
The retail inflation that for several months remained in the comfort zone of the central bank has started inching up and crossed the 7 per cent mark during December 2019