Citigroup economists said in a research note last week that they expect mild reflation in 2024, and forecast annual CPI inflation at 1.2 per cent year-on-year
Food inflation declined to 2.53 per cent in October from 3.35 per cent in the previous month
The management also pointed out that India saw a gradual recovery in the market, with growth led by urban areas, while rural areas continued to remain subdued
The wholesale inflation rate was 12.48 per cent in August last year
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CPI falls in annual terms for first time in 2 years; country becomes first G20 economy to report deflation since Japan in 2021
Core inflation, which excludes volatile food and energy costs, slowed to 0.4 per cent from 0.6 per cent
The consumer price index was unchanged last month from a year earlier - the weakest rate since prices fell in February 2021, according to data released by the National Bureau of Statistics on Monday
The consumer price index (CPI) in April rose 0.1% year-on-year, the lowest rate since February 2021, and cooling from the 0.7% annual gain seen in March, the National Bureau of Statistics (NBS) said
A slow economic recovery from last quarter's record slump is expected to weigh on prices as consumer demand collapsed amid resurgent infections
Last week, the government raised its market borrowing programme by a whopping 54 per cent of the Budget estimate to Rs 12 trillion for the current fiscal to fund a comprehensive stimulus package
Central banks throughout developed world have been overwhelmed by fear of deflation. They shouldn't be: The fear is unfounded, and the obsession with it is damaging