The RBI is expected to reduce its policy rate to 4.5% in this rate cycle, economists say
The CPI food inflation rate rose to 5.11 per cent in September
Experts say too early to call it 'industrial recovery'
Among the food items, the sharpest YoY uptick was for vegetables at 6.9%, pulses and products at 6.94%, and meat and fish at 8.51%
Retail inflation inched up to 3.21% in August compared to 3.15% in July
Fuel and light saw deflation in July at 0.36 per cent against 2.32 per cent inflation in the previous month
Business building will be put on better foundations when we fully adapt the assumptions underlying financial analysis to the new low-inflation environment
SBI Group Chief Economist Soumya Kanti Ghosh said the Central Statistics Office should clarify doubts over this significant increase
Falling international crude prices had its impact on the inflation rate
It will offer hints on prospects of construction and finance sectors
The RBI would be watching this number closely and an adverse report on monsoon or a further spike in oil prices could hasten a rate hike in the coming policy
Food inflation rose to 3.1 per cent, from 2.8 per cent in April while vegetable prices rose 8.40 per cent, from 7.29 per cent
As per the data of the Central Statistics Office (CSO), food inflation rose to 3.10 per cent last month, as against 2.8 per cent in April
The direct impact of the increase in the house rent allowance announced by the government fades away by December 2018
The cess was also raised on luxury cars from the middle of September but the impact was not that much
In the fuel and light segment, it was 7.92%, as against 6.36% in October
Mainly pushed by high food prices during the month, the CPI-based inflation breached the RBI's medium-term target of 4%
Retail inflation has been steadily rising since June
RBI at its policy review meeting earlier this month kept the key interest rate unchanged at 6%
The consumer price index (CPI)-based inflation rose to a five-month high at 3.36 per cent in August from 2.36 per cent in the previous month as food items, particularly vegetables turned inflationary from the price fall seen in the previous three months. Also, the goods and services tax (GST) made certain services inflationary, dampening chances of RBI cutting the repo rate next month.Before this, inflation was higher at 3.89 per cent in March. Food items witnessed inflation at 1.52 per cent in August against deflation of 0.36 per cent in July. Within this category, vegetables saw prices rising at the rate of 6.16 per cent against price fall of 1.67 per cent. However, prices in tomatoes have eased in September compared to August, which would have easing impact on inflation. Fruits saw rise in inflation to more than 5 per cent from over 2.83 per cent.However, pulses continued to see fall in prices at over 24 per cent. Also, inflation in sugar and confectionery declined to 7.35 per ...