Page 7 - Retail Inflation

Retail inflation for farm workers rises from 6.31% to 7.43% in July

Retail inflation for farm and rural workers inched up to 7.43 per cent and 7.26 per cent in July compared to 6.31 per cent and 6.16 per cent, respectively, in June this year, mainly due to higher prices of certain food items. "Point-to-point rate of inflation based on the CPI-AL and CPI-RL stood at 7.43 per cent and 7.26 per cent in July 2023 compared to 6.31 per cent and 6.16 per cent, respectively, in June 2023 and 6.60 per cent and 6.82 per cent, respectively, during the corresponding month of (July 2022) the previous year," a labour ministry statement said. Similarly, it stated that food inflation stood at 8.88 per cent and 8.63 per cent in July 2023 compared to 7.03 per cent and 6.70 per cent, respectively, in June 2023 and 5.38 per cent and 5.44 per cent during the corresponding month of the previous year. The All-India Consumer Price Index Number for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) for July 2023 increased by 19 points each to stand at 1,215 and

Rajasthan leads nationwide retail inflation chart at 9.7% in July

Supply disruptions, election dynamics, and increased liquidity may be contributing factors

Rural Manipur grapples with over 12 per cent inflation amidst unrest

Some 71 per cent of the state's population resides in rural areas

Retail inflation soars to 15-mnth high; exports contract for sixth month

Prices of vegetables, led by tomatoes, shot up 37.3 per cent annually in July, while pulses, cereals, and spices witnessed double-digit inflation

India's food inflation hits double digits in July, shows NSO data

Food inflation in wholesale prices had shot up to 7.75 per cent in July from -1.24 percent in June, led by massive acceleration in the prices of vegetables in July from -21.98 per cent in June

India's retail inflation rises to a 15-month high of 7.44% in July

Food inflation hits double digits

CPI-based inflation surges to 7.44% in July on 11.51% retail food inflation

CPI inflation: This is the highest retail inflation since April 2022 when it was recorded at 7.79 per cent

Tomato woes: MPC pegs inflation at over 6 per cent in current quarter

Inflation unlikely to fall to 4% target even in Q1 FY25; GDP growth projections kept intact

RBI retains FY24 GDP forecast at 6.5%, raises inflation projection to 5.4%

The RBI on Thursday retained the GDP growth projection for current fiscal year at 6.5 per cent and raised the inflation projection marginally to 5.4 per cent due to spike in vegetable prices, including tomatoes. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said domestic economic activity is maintaining resilience. He also said the recovery in kharif sowing and rural incomes, the buoyancy in services and consumer optimism should support household consumption. "Headwinds from weak global demand, volatility in global financial markets, geopolitical tensions and geoeconomic fragmentation, however, pose risks to the outlook," Das said. Taking all these factors into consideration, real GDP growth for 2023-24 is projected at 6.5 per cent with Q1 at 8 per cent; Q2 at 6.5 per cent; Q3 at 6.0 per cent; and Q4 at 5.7 per cent. Real GDP growth for Q1 of 2024-25 is projected at 6.6 per cent. On inflation, the governor said the spike in vegetable prices, led

Rising food prices may push July inflation up by 190 bps to 6.7%: Report

Citing the sharp rise in food prices, economists at a foreign bank have forecast a steeply higher retail inflation print for July, pegging it at 6.7 per cent, up 190 basis points from the previous month. Deutsche Bank India economists led by chief economist Kaushik Das, in a report on Monday ahead of the monthly inflation print and the Reserve Bank's monetary policy review, said that the July consumer price-based inflation index (CPI) is likely to print at 6.7 per cent on-year as against 4.8 per cent in June. The Reserve Bank is widely believed to leave the key interest rates unchanged for the fourth time in its upcoming bi-monthly monetary policy decision on August 10. The last repo rate hike was in December 2022, when the central bank raised the rate by a quarter percentage point, taking it to a near decadal high of 6.50 per cent. The massive spike seen is due to food prices, led by tomatoes and onions and also rice shooting over the roof in July with daily prices of 22 essential

Retail inflation for industrial workers rises in June due to higher prices

Retail inflation for industrial workers inched up to 5.57 per cent in June compared to 4.42 per cent in May this year, mainly due to higher prices of certain food items. "Year-on-year inflation for the month stood at 5.57 per cent compared to 4.42 per cent for the previous month (May) and 6.16 per cent during the corresponding month (June 2022) a year before," a labour ministry statement said. Similarly, food inflation stood at six per cent against 3.24 per cent in the previous month and 6.73 per cent during the corresponding month a year ago, it added. The All-India CPI-IW (consumer price index for industrial workers) for June 2023 increased by 1.7 points and stood at 136.4 points. It was 134.7 points in May 2023. On one-month percentage change, it increased by 1.26 per cent with respect to the previous month against an increase of 0.16 per cent recorded in corresponding months a year ago, it stated. The maximum upward pressure in the current index came from Food & Beverages ...

MoSPI kicks off work for CPI base revision after over a decade: Report

This is the first time the ministry is revising the base in over a decade. Currently, the base year for calculations of CPI is 2011-12

Fight against inflation far from over as food price spikes: RBI bulletin

Surging food prices accelerated India's annual retail inflation rate to 4.81% in June, snapping four months of easing and erasing any chance of a rate cut this year

Tomato puree, frozen veggies in high demand as prices of fresh produce soar

Mother Dairy and Dabur have seen a significant increase in demand for tomato puree and frozen vegetables in the past two weeks

Retail inflation rises to 3-month high; industrial output inches up

Core inflation, which excludes volatile food and fuel items, hovered around 5 per cent due to a slight deceleration in price rise of services

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

Consumer demand revival may take one more year despite moderating inflation

RBI's MPC said going forward, the inflation trajectory would be guided by food dynamics

Retail inflation for industrial workers eases to 4.42% in May from 5.09%

Retail inflation for industrial workers eased to 4.42 per cent in May from 5.09 per cent in April, mainly due to lower prices of certain food items. "Year-on-year inflation for the month stood at 4.42 per cent compared to 5.09 per cent for the previous month and 6.97 per cent during the corresponding month a year before," a labour ministry statement said on Friday. Food inflation stood at 3.24 per cent in May as against 4.16 per cent in the previous month and 7.92 per cent during the year-ago period. The All India CPI-IW for May 2023 increased by 0.5 points to 134.7. The maximum upward pressure in current index came from Food & Beverages group contributing 0.37 percentage points to the total change. At centre level, Jabalpur recorded a maximum increase of 5.2 points followed by Salem with 3.8 points. Among others, 2 centres recorded increase between 2 to 2.6 points, 14 centres between 1 to 1.9 points and 34 centres between 0.1 to 0.9 points. The index is compiled for 88 centres .

CPI inflation for farm workers, rural labourers fell in May: Labour bureau

The All-India Consumer Price Index for agricultural labourers and rural labourers for May increased by 6 and 5 points to 1186 points and 1197 points, respectively

Retail inflation rose in Bihar, Haryana in May, touched 6% and beyond

In Tripura, inflation fell from 8 per cent but remained above 6 per cent