The RBI will announce the review of the policy meeting on April 9
Swiss investment bank UBS believes an accommodative monetary policy could help India sustain growth amid rising global uncertainties and trade disputes
Industrial output picks up at 5 per cent in January 2025 from 3.2 per cent in December
The RBI had projected the CPI inflation for the current financial year (FY25) at 4.8 per cent with the headline figure in March quarter remaining at 4.4 per cent
Retail inflation for farm and rural workers eased slightly to 4.61 per cent and 4.73 per cent, respectively, in January from 5.01 per cent and 5.05 per cent in December 2024, showed the government data released on Monday. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) decreased by 4 points and 3 points, respectively, for the month of January 2025, reaching 1,316 and 1,328 points, the labour ministry said in a statement. According to the statement, the CPI-AL and CPI-RL stood at 1,320 points and 1,331 points, respectively in December 2024. "The year-on-year inflation rates based on CPI-AL and CPI-RL for the month of January, 2025 were recorded at 4.61 per cent and 4.73 per cent, respectively, compared to 7.52 per cent and 7.37 per cent in January, 2024. The corresponding figures for December, 2024 were 5.01 per cent for CPI-AL and 5.05 per cent for CPI-RL," it stated. The food index for CPI-AL decreased from 1,262 points in Decemb
The data show higher inflation in rural areas at 4.64 per cent, compared to 3.87 per cent in urban regions
January 2025 CPI-based inflation: Food inflation fell to 6.02 per cent in January 2025, the lowest since August 2024
Our weekly newsletter this week has stories on loan customers' rights and the boom in bakery business
Rural areas experienced higher food inflation at 8.65 per cent, while urban regions saw a slightly lower rate of 7.9 per cent during the month
December CPI 2024: Inflation rates for rural and urban are 5.76 per cent and 4.58 per cent, respectively
The data shows higher inflation in rural areas at 5.95 per cent, compared to 4.83 per cent in urban regions
Retail inflation for farm workers and rural labourers eased to 5.96 per cent and 6 per cent, respectively, in October from 6.36 per cent and 6.39 per cent in September. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 11 points and 10 points, respectively, in October 2024, reaching levels of 1,315 and 1,326, a labour ministry statement said. According to the statement, the CPI-AL and CPI-RL were at 1,304 points and 1,316 points, respectively, in September 2024. "The year-on-year inflation rates based on CPI-AL and CPI-RL for the month of October 2024 were recorded at 5.96 per cent and 6.00 per cent, respectively, compared to 7.08 per cent and 6.92 per cent in October 2023. The corresponding figures for September 2024 were 6.36 per cent for CPI-AL and 6.39 per cent for CPI-RL," it said.
Yield spread low despite rise in retail inflation in India
RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here
The govt is exploring a reduction in food's weight in the Consumer Price Index to reflect changing consumption patterns and manage inflation, as food prices remain volatile and seasonally driven
India’s retail inflation hit a 14-month high at 6.21% in October driven by rising prices of vegetables, fruits, and oils. Industrial output grew 3.1% in September, led by manufacturing.
India's industrial output rose 3.1% year-on-year in September, driven by a rebound in manufacturing activity
Often dubbed 'second bread', potatoes are a staple of the Ukrainian diet, with average consumption at about 130 kg per person a year, well above average bread consumption of up to 20 kg a year
The retail inflation is projected to average 4.5 per cent in 2024-25 and align with the target on a durable basis by 2025-26, RBI deputy governor Michael Debabrata Patra has said at a conference here. The government has tasked the Reserve Bank of India to ensure that consumer price index (CPI) based retail inflation at 4 per cent with a tolerance band of +/- 2 per cent around it. The inflation has remained below 6 per cent in the last three months. Retail inflation is projected to average 4.5 per cent in 2024-25 before aligning with the target on a durable basis in 2025-26. Speaking at the High-Level Conference "Central Banking at Crossroads" organised by the Reserve Bank of India as a part of the commemoration of its 90th year on Monday, Patra also stressed that the Indian experience is unique in view of the incidence of repetitive shocks to food and fuel prices, which challenged the conduct of monetary policy. In India, price stability is a shared responsibility under which the
Food items, especially vegetables and other perishables, which make up a significant share of overall household spending in the country, saw an uptick in prices