Page 6 - Retail Inflation

Retail inflation for industrial workers up marginally at 4.98% in Nov: Govt

Retail inflation for industrial workers increased marginally to 4.98 per cent in November compared to 4.45 per cent in October this year, mainly due to higher prices of certain food items. Food inflation stood at 7.95 per cent against 6.27 per cent in the previous month (October 2023) and 4.30 per cent during the corresponding month (November 2022) a year ago, a labour ministry statement said. According to the statement, year-on-year inflation for the month stood at 4.98 per cent in November compared to 4.45 per cent for the previous month (October 2023) and 5.41 per cent during the corresponding month (November 2022) a year before. The All-India CPI-IW (Consumer Price Index for Industrial Workers) for November 2023 increased by 0.7 points and stood at 139.1 points. The CPI-IW was 138.4 points in October 2023. On one-month percentage change, it increased by 0.51 per cent with respect to the previous month, whereas it remained stationary between the corresponding month a year ago,

Nov retail inflation rises 7.37% for farm workers, 7% for rural labourers

Retail inflation for farm workers rose to 7.37 per cent and that for rural labourers climbed to 7.13 per cent in November, mainly due to higher prices of certain food items. Retail inflation in October was 7.08 per cent and 6.92 per cent for farm workers and rural labourers, respectively, according to an official statement. Food inflation stood at 9.38 per cent and 9.14 per cent for agricultural and rural workers, respectively, in November compared to the respective figures of 8.42 per cent and 8.18 per cent in October 2023, and 6.19 per cent and 6.05 per cent recorded in the corresponding month of previous year (November 2022), a labour ministry statement said. According to the statement, point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (rural labourers) stood at 7.37 per cent and 7.13 per cent in November this year as compared to 7.08 per cent and 6.92 per cent, respectively, in October 2023. The two comparable numbers

Inflation to ease to 4.6% in the first three quarters of 2024-25: RBI

The RBI bulletin released on Wednesday said that global growth continues to remain fragile and may slow down further in 2024

Bank of England holds rates with warning of 'way to go' on inflation

The UK central bank's decision contrasted with the US Fed's admission last night that reductions were on the agenda, reiterating that BOE policy will be "sufficiently restrictive" for long

WPI inflation in Nov at 0.26%, returns to positive territory after 7 months

The rise in WPI inflation was led by food inflation. The index in this category rose steeply by 4.69% in November as compared to 1.07% in October

IIP surges 11.7% in October; retail Inflation jumps to 5.55% in November

IIP surges 11.7% in Oct; uptick in food prices lifts retail inflation to 5.55% in Nov

US CPI rises 3.1% in Nov, uptick not Fed incentive for early ease: Experts

The consumer price index edged up 0.1% last month after being unchanged in October, the Labor Department's Bureau of Labor Statistics said Tuesday

RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%

RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%

Retail inflation for industrial workers eases to 4.45% in October

Retail inflation for industrial workers eased to 4.45 per cent in October from 4.72 per cent in September mainly due to lower prices of certain food items. Retail inflation based on All-India Consumer Price Index for Industrial Workers (CPI-IW) was 6.08 per cent in October 2022, a labour ministry statement said. Food inflation stood at 6.27 per cent in October 2023 against 6.52 per cent in the previous month and 6.52 per cent during the corresponding month (October 2022) a year ago. The All-India CPI-IW for October 2023 increased by 0.9 points and stood at 138.4 points. The CPI-IW was 137.5 points in September 2023. The maximum upward pressure in the current index came from Food & Beverages group contributing 0.68 percentage points to the total change. At item level, Wheat, Wheat Atta, Arhar Dal/Tur Dal, Cow milk, Egg Hen, Papaya, Pomegranate/Anar, Arum/Arbi, Brinjal, Capsicum, Carrot, Cauliflower, French beans, Garlic, Lady's Finger, Onion, Peas, Radish, Sugar White, Cumin ...

Retail inflation for agricultural, rural workers marginally up in Oct

Retail inflation for agricultural labourers and rural workers rose marginally to 7.08 per cent and 6.92 per cent in October, respectively, from 6.70 per cent and 6.55 per cent respectively in September 2023 due to higher prices of certain food items. Point to point rate of inflation based on CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) stood at 7.22 per cent and 7.34 per cent, respectively in October 2022, a labour ministry statement said. Food inflation stood at 8.42 per cent and 8.18 per cent for CPI-AL and CPI-RL in October 2023 compared to 8.06 per cent and 7.73 per cent respectively in September 2023 and 7.05 per cent and 7.00 per cent respectively during the corresponding month of the previous year. The All India CPI-AL and CPI-RL for October 2023 increased by 15 points and 14 points respectively to stand at 1,241 points and 1,251 points respectively. CPI-AL and CPI-RL were 1,226 and 1,237 points respectively in Septem

Rural retail inflation higher than urban in 18 of the past 22 months

In October 2023, rural inflation stood at 5.12 per cent against urban inflation at 4.62 per cent

Retail inflation eases to four-month low of 4.87% as food prices cool

The government has tasked the RBI to ensure the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side

Sensex drops 326 pts, Nifty below 19,450; PSBs, metals rally, IT sinks

Closing Bell on November 13, 2023: SBI Life, Bajaj Finance, Grasim, Infosys, Nestle India, Apollo Hospitals, Tech M, ICICI Bank, and HDFC Bank were the top laggards

India vulnerable to recurring food price shocks, says RBI Governor Das

The RBI's rate-setting panel has raised the repo rate by 250 basis points cumulatively between May 2022 and February 2023 to manage inflation expectations

Fiscal position solid, retail inflation to stay within target: FinMin

Retail inflation eased to a three-month low in September on the back of softer vegetable prices, but remained above a 4% target that the central bank has signalled would be key before easing rates

Sept retail inflation at 3-mnth low of 5.02%; Aug IIP growth rises to 10.3%

Food inflation also declined to a three-month low of 6.56 per cent in September from 9.94 per cent in August

RBI MPC LIVE: Original aim of Rs 2000 note withdrawal largely met, says Das

RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here

RBI MPC meeting: Key takeaways from Guv Shaktikanta Das' announcements

RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row

Policy rate unchanged at 6.5%, FY24 inflation forecast retained at 5.4%

RBI policy: Shaktikanta Das said that real GDP forecast for 2023-24 has been retained at 6.5% by MPC

RBI MPC: When and where to watch policy announcement by Shaktikanta Das

Experts have said that RBI is likely to keep the repo rate unchanged at 6.5 per cent in view of elevated inflation and other global factors