Expected surplus farm output will need careful handling
The major contribution towards the rise in the general index of agricultural labourers and rural labourers came from food
Official data released on Thursday showed that CPI for July rose 6.93 per cent year on year, up from 6.23 per cent in June
Food inflation stood at 5.49 per cent in June 2020 as against 5.88 per cent in the previous month and 5.47 per cent during the corresponding month a year ago
According to the statement, inflation based on food index of CPI-AL and CPI-RL stood at (+) 8.57 per cent and (+) 8.41 per cent, respectively, in June 2020
The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months.
The data collected, however, did not meet the adequacy criteria for generating robust estimates of CPIs at the state-level
Retail inflation data will be announced on Monday, followed by WPI inflation numbers on Tuesday
Headline inflation numbers were not released in April and May due to inadequate data collection owing to lockdown restrictions
Inflation based on food index of CPI-AL and CPI-RL is at 10.40 per cent and 10.21 per cent, respectively in May 2020
The June 4-9 poll of 35 economists showed that the consumer price index (CPI) was forecast to rise to 5.50% in May compared with a year ago
The National Statistics Office is exchanging ideas with international agencies about handling data and statistics amid the pandemic situation
Retail headline inflation in March 2020 fell to a four-month low of 5.9 per cent, 0.7 per cent lower from a month ago and 3.1 per cent higher than the corresponding month a year ago
Prices are likely to rise again in April, according to analysts, with the actual impact of the Covid-19 and the resultant lockdown yet to be fully seen.
The retail inflation based on Consumer Price Index (CPI) was 6.58 per cent in February 2020 and 2.86 per cent in March 2019
The latest numbers could increase the clamour for a rate cut by RBI's Monetary Policy Committee in its next meeting in April
Inflation eased to 6.80%, lower than January's 7.59%, according to a poll of economists
The index of industrial production (IIP) fell from a growth rate of 1.8 per cent, as the manufacturing sector slipped into negative territory again
Industrial production and retail inflation data is due on Wednesday, while WPI inflation numbers will be released on Friday.
The thrust of RBI's announcements was towards altering the liquidity and macro-prudential frameworks to ensure better monetary policy transmission