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
However, your soft drinks and juices will remain immune to the hike, despite the recent surge in sugar prices. Thanks to Coca-Cola and PepsiCo.
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India Ratings and Research on Thursday said that the country will have to increase its labour productivity growth to 6.3 per cent to attain 8 per cent economic growth
The median forecast in the Jan. 3-8 Reuters poll of nearly 50 economists predicted India's annual consumer inflation rose to 6.20 per cent in December from November's 5.54 per cent
The states that witnessed high CPI-based inflation rates were Lakshadweep, Tripura, Odisha, Uttar Pradesh, Kerala, Madhya Pradesh, Puducherry, Tamil Nadu, Rajasthan, Manipur and Mizoram
Monetary policy today is on the right track, delivering 4% year-on-year CPI inflation, which is the most that it can do
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