Softens to four-month low of 1.22% in December from 1.55% in November as food items enter deflationary zone; core inflation at 2-year high of 4.2%
After a year of high inflation-low growth, a sharp dip in food inflation tames the headline number
Retail inflation for industrial workers eased to 5.27 per cent in November compared to 5.91 per cent in October, mainly due to lower prices of certain food items. "Year-on-year inflation based on all items stood at 5.27 per cent for November, 2020 as compared to 5.91 per cent for the previous month (October) and 8.61 per cent during the corresponding month of the previous year," a labour ministry statement said. It said that the food inflation stood at 7.48 per cent in November as against 8.21 per cent in the previous month. Food inflation was at 9.87 per cent in the year-ago period. The retail inflation measured in terms of all-India CPI-IW (Consumer Price Index for Industrial Workers) for November increased by 0.4 points and stood at 119.9 points. The maximum upward pressure in the current index came from Food & Beverages group contributing (+) 0.25 percentage points to the total change. At an item level, prices of Rice, Arhar Dal, Fish Fresh, Milk, Mustard Oil, Soyabean Oil, ..
Retail inflation is unlikely to come down enough for the Reserve Bank to make rate cuts in the whole of 2021, says Nomura
This was mainly due to lower prices of food items
Remains above RBI tolerance limit
Retail inflation based on the Consumer Price Index (CPI) stood at 7.61 per cent in October
Over the past one month (since November 13), Brent crude oil prices have surged nearly 18 per cent to $50.34 a barrel now
The Reserve Bank of India said retail inflation is likely to remain elevated and pegged it at 6.8 per cent for the third quarter of the current fiscal
The members of the Reserve Bank of India's fourth bi-monthly monetary policy Committee began their three-day meeting today, and are expected to announce the outcome on Friday
The retail inflation for industrial workers increased to 5.91 per cent in October.
Price rise in rural areas leads to four states recording inflation in double digits
Pulses, veggies, fuel, mobility and connectivity dominate price rise as economy recovers
The rise in general inflation was mainly on account of elevated food prices
Good harvest may not help, they say, as the rise in price is being fueled by commodities
Point-to-point rate of inflation based on CPI-AL and CPI-RL decreased to 6.25 per cent and 6.10 per cent in September from 6.32 per cent and 6.28 per cent, respectively in August, a labour ministry st
Inflation above RBI's comfort zone of 6% for six straight months, Q2 inflation slightly higher than MPC's projection, MPC may refrain from cutting rate in December policy too
The rate of price rise in the food basket was 10.68 per cent in September compared to 9.05 per cent in August, as per the data released by the National Statistical Office
Retail inflation for industrial workers eased to 5.63 per cent in August as compared to 6.31 per cent in the same month a year ago, mainly due to lower prices of certain food items
Retail inflation for farm workers and rural labourers cooled down to 6.32% and 6.28%, respectively, in August compared to the year ago period mainly due to the softening of prices of some food items