Page 23 - India Inflation

Inflation set to go up, govt must act to protect people: Rahul Gandhi

Congress leader Rahul Gandhi on Saturday cautioned that inflation will rise further and urged the government to act now to protect the people of the country. Asserting that inflation is a tax on all Indians, Gandhi said record price rise had crushed the poor and the middle class even before the Russia-Ukraine war began. "It (inflation) will increase further as: - Crude > $100/barrel - Food prices expected to rise 22% - COVID disrupts Global Supply Chain," he said in a tweet. "GOI must act NOW. Protect people," the former Congress chief said. Retail inflation hit an eight-month high of 6.07 per cent in February and wholesale price-based inflation soared to 13.11 per cent on account of hardening of crude oil and non-food item prices, according to government data released on Monday. The rise in crude oil and natural gas prices after the Russian invasion of Ukraine, which began on February 24, has put pressure on the wholesale price index.

Clear and present danger: Expensive commodities raise risk of stagflation

India's economy which is already reeling under inflationary pressure, now faces an ever increasing risk of stagflation.

From biscuits to fuel, Ukraine war driving up prices of everything

The Ukraine crisis has led to a rally in commodity prices. Consumer goods companies, hit with high input costs, are now passing on the price rise to customers. Will there be more price rise in FMCG?

Inflation expected to average 5.4% in FY23, says CRISIL's DK Joshi

In an exclusive interaction with Arup Roychoudhury, CRISIL Chief Economist D K Joshi said the spike in commodity prices due to the war in Europe would impact household inflation. Listen in

TMS Ep126: Economic challenges of UP & Punjab, DK Joshi, markets, CSR

What are the economic challenges awaiting UP and Punjab? Why is CRISIL's DK Joshi still optimistic about GDP growth in FY13? What BJP's election win means for markets? What is CSR? All answers here

India may grow at 7.8% in FY23 with risk tilted towards downside: Report

The country is expected to register a growth rate of 8.9 per cent in the current fiscal ending March 31

Inflation likely slipped in Feb but will rebound soon: Economists poll

Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists who still warned that surging oil prices will push inflation much higher in future

Selling in bank stocks to continue despite 20% fall since Feb, say analysts

Nomura pointed out that even though the outlook for banks remains positive, a prolonged conflict-like situation would be negative for global growth

World stocks at 1-year lows on inflation shock worries; gold shines

International oil benchmark Brent crude, which briefly hit more than $139 a barrel in the previous session, was up about 2.6% at $126.42.

Russia-Ukraine crisis: India economy to be among worst hit in Asia - Nomura

A sustained rise in oil, food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said

RBI's MPC to continue to support growth as inflation seen easing: Minutes

"Inflation pressures in India continue to emanate largely from supply side factors, and the recent print also reflects adverse base effects," Shaktikanta Das said

Retail inflation for farm and rural workers rise to 5.49%, 5.74% in January

Retail inflation for farm workers and rural labourers rose to 5.49 per cent and 5.74 per cent, respectively in January mainly due to higher prices of certain food items

A first in 3 decades, retail inflation in US higher than India for 4 months

But for the first time in the past 30 years, the US reported a higher consumer price inflation (CPI) rate than India in five consecutive months

A balanced response to inflation

A large across-the-board increase in interest rates is a cure worse than the disease

Govt contained inflation at 6.2% despite biggest contraction in economy: FM

She stated that the objective of the Budget is a stable and sustainable recovery in the economy

RBI must focus more on inflation to combat spiking yields, say traders

The benchmark 10-year bond yield spiked to a 2-1/2-year high after the government announced a borrowing target of 14.95 trillion rupees ($199.84 billion) for the next fiscal year

Budget 2022: The growth-inflation gambit, says CRISIL MD & CEO Amish Mehta

The Indian economy is staging a gradual recovery, but the environment - both local and global - remains challenging given the upside risks to inflation

Stick to businesses with strong pricing power in a high inflation scenario

Invest in commodity producers that are backward integrated

How worrying is record-high wholesale price inflation?

An RBI survey showed that households can expect inflation to rise further in the near and medium-term. Wholesale prices also surged to a decade high in November. Find out if it is a cause of concern

A straight jacket policy by the RBI as the Omicron threat looms

The next policy in February will be come post the Budget announcement. It will be crucial as the state of the economy will be clear as will the action taken by the government to counter Omicron impact