Page 8 - Retail Inflation

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

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