Page 11 - Retail Inflation

Fight against inflation will be dogged, prolonged: RBI article

The fight against inflation will be dogged and prolonged, given the long and variable lags with which monetary policy operates, an RBI article said. "Yet, if we succeed, we will entrench India's prospects as one of the fastest growing economies of the world enjoying a negative inflation differential with the rest of the world," according to the article on the state of economy authored by a team lead by Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra. It said this happy outcome will re-enthuse foreign investors, stabilise markets and secure financial stability on an enduring basis. Retail inflation spiked to 7.41 per cent in September, remaining above RBI's upper tolerance level of 6 per cent for the ninth month in a row. With inflation remaining above the 6 per cent level, RBI, now, will have to give a report to the central government giving reasons for failure to contain inflation at 4 per cent with a bias of 2 per cent on either side. "While the persistence o

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Retail inflation rate expected to gradually decelerate after Sept: Report

Consumer price-led inflation is expected to gradually decelerate after September, helped by a fall in commodity prices and easing food inflation, analysts said

High food prices push retail inflation to 5-month high of 7.41% in Sept

IIP shrinks 0.8% in Aug - a first in 17 months

India's CPI inflation at 5-mth high of 7.4% in Sep; Aug IIP contracts 0.8%

For the ninth month in a row, retail inflation has remained above the Reserve Bank of India's tolerance level of 6%

Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%

Business Standard brings you top news of the evening

Sept retail inflation likely to hit five-month high of 7.30% on food prices

India's retail inflation accelerated to a five month high of 7.30% in September due to surging food prices, staying well above the Reserve Bank of India's (RBI) upper tolerance band

Weak rural demand drags down FMCG sales in September, shows data

Bizom pointed out that rural sales were impacted in September due to excessive rainfall in some areas and weak rainfall in some other regions, thereby affecting agri yields and household incomes

86% of global CEOs see recession within 12 months, finds KPMG survey

46% of corporate leaders considering job cuts over the next six months

Inflation forcing rural India to buy fewer essentials items: Report

A new report reveals people in villages are concerned about inflation and its impact on their financial condition

Retail inflation in Sept to rise to five-month high at 7.4%: Deutsche Bank

India's headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest

Time to diversify to global equities as central banks frontload rate hikes?

Though the recent rally in domestic equities has turned the markets expensive relative to peers, analysts still suggest investors focus on Indian equity markets

Firms starting to pass on rising costs amid pick-up in demand: RBI study

Report says the gap between output and input prices widened during the pandemic, particularly after the first Covid-19 wave

Analysts see RBI delivering another 35-50 bps repo hike on Sep 30

With the price index surprising on the upside in August, many analysts have pencilled in a higher inflation print in September as well and accordingly expect the central bank to frontload policy rate hikes, delivering another 35 bps later this month. Confounding the worries on the inflation front, retail inflation accelerated to 7 per cent on-year in August from 6.7 per cent in the previous month -- staying above the upper tolerance limit of the central bank for all the eight months of 2022. The higher than expected August inflation print was driven by food prices primarily in rural areas which came in at 7.2 per cent as against 6.7 per cent in urban areas. The rate-setting panel has increased the policy repo rate by 140 bps to 5.4 per cent since May with the last being a 50 bps increase in the August review. Yet real interest rates continue to be negative as inflation continues to stay above 6 per cent. According to Tanvee Gupta-Jain, the India chief economist at the Swiss brokera

A long battle against inflation

Containing inflation remains challenging

Retail inflation rises to 7% in Aug as food prices surge; IIP growth slows

FinMin blames adverse base effect, increase in food and fuel prices

Rise in retail inflation due to high food prices, adverse base effect: Govt

Inflation in "oils and fats" and"pulses and products" have moderated to 5.62 per cent and 2.52 per cent, respectively, the Finance Ministry pointed out

Steps to check prices will be felt more significantly in few months: FinMin

The Finance Ministry on Monday attributed the rise in inflation to base effect and increase in food and fuel prices, and stressed that initiatives taken by the government to curb price rise will be felt more significantly in the coming months. According to the data, the retail inflation inched up to 7 per cent in August from 6.71 per cent in July. The ministry further said that the core inflation, which is calculated by excluding the transient components of CPI --'food and beverages' and 'fuel and light' at 5.9 per cent remained below the tolerance limit of 6 per cent for the fourth consecutive month. "The headline inflation based on retail CPI recorded a moderate increase from 6.71 % in July 22 to 7.0 % in August 22. This increase is attributable both to an adverse base effect and an increase in food & fuel prices - the transient components of CPI inflation," the ministry said in a series of tweets. This is the second instance since RBI adopted the inflation targeting approach ...

India's retail inflation rises to 7% in August; July IIP tumbles to 2.4%

India's retail inflation has been above RBI's upper tolerance limit of 6% for eight consecutive months

Top headlines: Retail inflation rises to 7% in August; AI leases 30 planes

India plans to pay about Rs 20,000 crore ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp., to partly compensate them for losses and keep a check on cooking gas prices