Economists say oil prices, exchange rate may lead to rate hike in December review
Lower food prices eased India's August retail inflation to 3.69%
The food inflation stood at 1.33 per cent against 1.68 per cent of the previous month, and 0.67 per cent in April last year.
Manufacturing, 77.6 per cent of the Index of Industrial Production (IIP), grew 8.7 per cent in January, up from 8.5 per cent in December
The Consumer Price Index (CPI)-based inflation rate rose to a 15-month high of 4.88% in November
However, the figure is higher than 2.52% in August
CPI rose to 3.38 in August from 2.36 in the previous month. Inflation had stood at 1.46% in June
Consumer inflation is forecast to have risen to 3.60 percent in September from a year ago
But rising price to complicate RBI's policy path as economic growth cooled to a three-year low in Q2
Gold prices fall but cost of internet access rises further
Wholesale inflation rose sharply to 1.88% in July from 0.90% in June 2017
The RBI expects retail inflation could accelerate to 3.5 percent to 4.5 percent in October-December
Vegetable prices have risen sharply following erratic monsoon rains
Retail inflation hit a historically low level of 1.54% in June
Industrial output growth slumped to 1.7% in May
At policy review last week, RBI left key interest rates unchanged, but lowered inflation projections
New Delhi, 12 JuneRetail inflation for the month of May hit another series-low, coming down to 2.18 per cent. Consumer Price Index-based inflation (CPI) was 2.99 per cent in April and 5.76 per cent in May last year. Food prices entered a deflationary zone in May, with the Consumer Food Price Index at minus 1.05 per cent, as against 0.61 per cent this April and 7.47 per cent in May last year, official data showed on Monday.The headline figure of 2.18 per cent is the lowest since the series was introduced with a new base year in January 2015. This is a second month that retail inflation has hit a series-low. "The decrease can be ascribed to a decline in food prices, owing to falls in the price of cereals, fruits, egg, fish, meat, sugar and spices," said Madan Sabnavis, chief economist at CARE Ratings.The steepest fall was in pulses, at minus 19.45 per cent, and vegetables at minus 13.44 per cent. The foods and beverages category, 46 per cent of the CPI index, showed minus 0.22 per cent .
RBI might still opt to hold repo rate: Experts
CPI inflation stood at 5.47%
RBI is concerned food prices may increase due to poor monsoon, forcing interest rates to rise