WPI inflation has remained in double digits for the ninth consecutive month beginning April
Rising pricing pressure in clothing and footwear (8.3%) and fuel group (10.95%) contributed to the rise in retail inflation while food prices rose to 4.05%
Retail inflation was 4.91% in November 2021 and 4.59% in December 2020
This is the highest WPI rate in 2011-12 series with WPI inflation remaining in double digits for 8th month in a row
Remains within RBI's target range for fifth month
Overall, inflation in the food basket was 1.87% in November compared to 0.85% a month earlier. However, it was significantly down from 9.5% in November 2020
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The Reserve Bank of India (RBI) on Wednesday said the retail inflation is expected to be around 5.3 per cent during the current fiscal year.
Retail inflation based on consumer price indices for farm and rural workers eased marginally in October against September 2021. Point to point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labour) and CPI-RL (rural labour) stood at 2.76 per cent and 3.12 per cent in October 2021 against 2.89 per cent and 3.16 per cent, respectively, in September, 2021, a labour ministry statement said. Retail inflation based on CPI-AL and CPI-RL were 6.59 per cent and 6.45 per cent respectively during the corresponding month of the previous year (October 2020). Food inflation for farm and rural workers stood at 0.39 per cent & 0.59 per cent in October, 2021 compared to 0.50 per cent & 0.70 per cent respectively in September 2021 and 7.96 per cent & 7.92 per cent respectively during the corresponding month of the previous year. The All-India Consumer Price Index Numbers for Agricultural Labourers and Rural Labourers for the month of October 2021 increased by
The 3.1 per cent YoY growth was driven by a jump in mining and manufacturing activity
4-month downward trend reversed; core inflation rises to 5.8%, substantiates FinMin fears
This marks the fourth consecutive month inflation has been within the Reserve Bank of India's tolerance band of 2%-6%
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Food inflation stood at 2.26 per cent against 4.83 per cent of the previous month and 7.51 per cent during the corresponding month a year ago
Retail inflation for farm workers and rural labourers eased to 2.89 per cent and 3.16 per cent, respectively, in September, mainly due to lower prices of certain food items
Says India will be the fastest-growing major economy in the world again
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This marks the third consecutive month within the Reserve Bank of India's inflation tolerance band of 2%-6%.
With power demand likely to rise amid continued economic normalisation and upcoming festive sales, supply-side disruptions pose an important near-term downside risk to growth momentum, Nomura warned
The government's critics and loyalists are both wrong in the way they view economic data.