Page 7 - Retail Inflation

Retail inflation may ease by Dec owing to seasonal factors: Finance secy

Retail inflation remained above the upper end of RBI's 2%-6% tolerance band for a second consecutive month in August, though it eased from a 15-month high of 7.44% in July

Retaining retail inflation at 4% an unaccomplished dream since 2019-20

The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal

Retail inflation for industrial workers eases marginally to 6.91% in Aug

Retail inflation for industrial workers eased to 6.91 per cent in August from 7.54 per cent in July this year mainly due to lower prices of certain food items. "Year-on-year inflation for the month (August) stood at 6.91 per cent compared to 7.54 per cent for the previous month and 5.85 per cent during the corresponding month a year before," a Labour Bureau statement said. Food inflation stood at 10.06 per cent in August against 11.87 per cent in the previous month (July 2023) and 6.46 per cent during the corresponding month (August 2022) a year ago. The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling the Consumer Price Index for Industrial Workers (CPI-IW) every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and All-India and is released on the last working day of the succeeding month. The All-India CPI-IW for August 2023

India's August retail inflation eases to 6.83%, but still above RBI band

In the IIP, nine of the 23 manufacturing industries, such as apparel, wood, paper, chemicals and electronics, witnessed contraction in July

Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat

Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent

Statsguru: LPG price cut may reduce retail inflation rate by around 30 bps

Consumption of LPG has accordingly been going up over the years. Production was close to consumption in the early 2000s. This has since changed with an increased shift towards clean cooking fuel

LPG price cut may bring down September inflation by upto 30 bps: Analysts

The decision to cut the price of domestic LPG cylinders by Rs 200 for all connections comes amid high inflation and ahead of crucial state and general elections

Govt's analgesic for inflation: Steps to alleviate price rise in pipeline

If the monsoon season does not undergo a substantial revival, there could be added pressure on prices, especially if the standing kharif crop begins to deteriorate

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