Petrol and diesel prices were raised by ₹3 per litre as Brent crude stayed above $105 per barrel. Here's how rising fuel prices could impact inflation and the rupee
India raised petrol and diesel prices for the first time since 2022 as global crude prices stayed elevated. Here's how the government, OMCs and consumers are sharing the oil shock
Sharp rise in fuel and energy prices amid the West Asia crisis pushes wholesale inflation to its highest level since October 2022
Retail inflation inched up to 3.48% in April as food prices rose further, while experts warned of indirect pressure from higher global energy costs and a potentially weak monsoon
Food inflation, measured by the All India Consumer Food Price Index (CFPI), rose to 4.20 per cent in April from 3.87 per cent in March.
India's policy focus this week will be on retail and wholesale inflation data, along with India-Oman trade talks
India's retail inflation rose to 3.4% in March, driven by higher food and fuel prices, with economists warning of further upside risks amid global uncertainties
Data showed rural inflation at 3.63 per cent, while urban inflation remained lower at 3.11 per cent
The government on Wednesday asked the Reserve Bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five years ending March 2031. To control the price rise, the government in 2016 gave a mandate to the RBI to keep the retail inflation at 4 per cent with a margin of 2 per cent on either side for five years ending March 31, 2021. Subsequently, in March 2021, the government maintained the same target. This is the second time the government has retained the inflation target. The central government, in consultation with the Reserve Bank, hereby notifies the inflation target for the period beginning April 1, 2026, and ending on March 31, 2031, a gazette notification issued by the Department of Economic Affairs dated March 25 said. According to the notification, the inflation target is 4 per cent with an upper tolerance level of 6 per cent and a lower tolerance level of 2 per cent. India adopted the inflation-targeting framework and formall
India's retail inflation rose to an 11-month high of 3.21% in February as food prices and precious metals gained
CPI inflation increased by 47 basis points year-on-year in February, data showed
Food deflation and bullion-led inflation offset each other in January, but net impact of top items lifted retail inflation to 2.75% from 1.33% in December
Sensex Today | Stock Market Close Highlights, Feb 13: In the broader markets, the Nifty MidCap index slipped 1.71 per cent, and the Nifty SmallCap index fell 1.79 per cent
At 2.75%, January price rise well below RBI's target of 4%
Officials stressed that the December number under the old series and the January print are not comparable
India's new CPI series reflects changing consumption patterns, digital services and better data, marking a major step forward in measuring inflation accurately
India's retail inflation gauge has evolved from fragmented worker-specific indices to a unified CPI framework that now anchors monetary policy and welfare decisions
Kerala's retail inflation hit 9.49% in December, topping all states for the seventh straight month, driven by soaring coconut oil, gold prices and rural cost pressures
CPI-food inflation peaked at 16.12 per cent in April 2018, while the lowest reading was recorded in April 2019
Gold inflation soared to 68.66 per cent, while silver witnessed a spike of 97.07 per cent amid festival demand