Page 8 - Retail Inflation

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

Disinflation process is likely to be slow and protracted, says RBI Governor

Reserve Bank Governor Shaktikanta Das on Tuesday said the disinflation process in India will be slow. "As per our current assessment, the disinflation process is likely to be slow and protracted with convergence to the inflation target of 4 per cent being achieved over the medium-term," Das said in his address at the Summer Meetings organised by Central Banking in London. In remarks that came a day after official data suggested a cool-down in headline inflation to 4.25 per cent for May, Das said there have been signs of some softening in inflation in recent months, with the consumer price inflation coming down from the 7.8 per cent peak in April 2022. He said the RBI's inflation projection for the current financial year 2023-24 is lower at 5.1 per cent, but reminded that the number will still be above the 4 per cent target. The rate-setting panel has eschewed from providing any future guidance on the timing and level of the terminal rate recognising that explicit guidance in a rate

RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark

CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.

Retail inflation cools to over two-year low in May; IIP growth recovers

Food inflation fell to an 18-month low of 2.91 per cent in May from 3.84 per cent in April

IT stocks shine in lacklustre trade; Sensex ends 99 pts higher

CLOSING BELL ON JUNE 12, 2023: The Nifty reclaimed the 17,600 level; In the broader market, BSE Midcap index advanced 0.5 per cent, and Smallcap added 0.7 per cent on Monday.

Retail inflation for farm, rural workers eases marginally in April

The rise in index varied from state to state. In the case of agricultural labourers, it recorded an increase of 1 to 12 points in 20 states

Expect RBI to start rate cuts by end of FY24: HDFC Bank chief economist

Abheek Barua said that the Indian economy is expected to grow at 4.4% in the quarter ended March 31

CPI inflation dips to 18-month low of 4.7% in April; IIP slows to 1.1%

With inflation remaining well below the tolerance band, experts foresee the RBI to maintain an extended pause

Sensex up 123 pts, Nifty holds 18,300 ahead of CPI data; banks lend support

CLOSING BELL: Eicher Motors, M&M, IndusInd Bank, Axis Bank, HUL, Tata Motors, HDFC Bank, SBI, Hero MotoCorp, Bajaj Finance and ICICI Bank were the top gainers of the day

Interest rate hold likely as inflation at its weakest in 18 months

Easing inflation will bring relief to policy makers when the economy is facing headwinds from geopolitical tensions and slowing global demand

Retail inflation for farm, rural workers rises marginally in March

Retail inflation for farm labour and rural workers rose marginally to 7.01 per cent and 6.94 per cent, respectively, in March compared to February this year, mainly due to higher prices of certain food items. "Point-to-point rate of inflation based on the CPI-AL (consumer price index-agricultural labourers) and CPI-RL (rural labourers) stood at 7.01 per cent & 6.94 per cent in March 2023 compared to 6.94 per cent & 6.87 per cent, respectively, in February 2023, and 6.09 per cent and 6.33 per cent respectively during the corresponding month (March 2022) of the previous year," a labour ministry statement said. Similarly, it stated that the food inflation stood at 7.12 per cent and 7.07 per cent in March 2023 compared to 6.82 per cent and 6.68 per cent, respectively, in February 2023 and 4.91 per cent and 4.88 per cent, respectively, during the corresponding month of the previous year, it added. The All-India Consumer Price Index Number for Agricultural Labourers and Rural ...

March WPI inflation drops to 1.34%; food inflation slows to 2.32%

WPI inflation: This is the tenth straight month of decline in WPI-based inflation

Retail inflation falls to 15-month low in March on easing price pressure

Industrial output rose to 3-month high in Feb