Page 9 - Retail Inflation

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

India's March retail inflation eases to 5.66%, lowest since December 2021

According to govt data, urban inflation in March was 5.89%, while rural inflation was 5.51%

Retail inflation for industrial workers remains flat at 6.16% in February

Retail inflation for industrial workers remained flat at 6.16 per cent in February compared to that of January this year. "Year-on-year inflation for the month stood at 6.16 per cent compared to 6.16 per cent for the previous month (January, 2023) also and 5.04 per cent during the corresponding month (February 2022) a year before," a labour bureau statement said. It stated that food inflation stood at 6.13 per cent against 5.69 per cent of the previous month and 5.09 per cent during the corresponding month a year ago. The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling 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 succeeding month. The all-India CPI-IW for February 2023 decreased by 0.1 point and stood at ...

Retail inflation for agriculture, rural workers up marginally in Feb 2023

Retail inflation for agricultural and rural workers increased to 6.94 per cent and 6.87 per cent, respectively, in February 2023, due to increases in prices of medicines, doctor's fees, and bus fares, among others, an official statement said. Point to point rate of inflation based on the CPI-AL (consumer price index for agricultural labourers) and CPI-RL (rural labourers) were at 5.59 per cent and 5.94 per cent, respectively in January 2023, the Ministry of Labour and Employment said. Inflation based on CPI-AL and CPI-RL were 6.85 per cent and 6.88 per cent in January 2023. The all-India CPI-AL and CPI-RL increased by 1 point each to stand at 1,171 and 1,182, respectively. The maximum upward pressure on general index of AL and RL came from miscellaneous group to the extent of 0.93 and 0.98 points respectively mainly due to increase in prices of medicine, doctor's fee, barber charges, bus fare, washing shop, cinema ticket, etc," it said. The maximum increase in the CPI numbers for

Retail inflation may moderate in coming months: FinMin monthly review

WPI inflation for February eased to 3.85 per cent in February, the lowest in more than two years

Retail inflation above 6% in February, may trigger another rate hike

Experts see 25 bps hike in April; say wheat output may dip due to heat wave; El Nino may emerge as key determinant of food prices going ahead, if it strikes this summer

Retail inflation eases marginally to 6.44% in February from 6.52% in Jan

Retail inflation: his is lower than 6.52 per cent in January but still above the Reserve Bank of India's upper tolerance limit of 6 per cent

Retail inflation for farm, rural workers rises to 6.85% in January

Retail inflation for farm and rural workers rose to 6.85 per cent and 6.88 per cent, respectively, in January, mainly due to higher prices of certain food items. The inflation readings for farm and rural workers stood at 6.38 per cent and 6.60 per cent, respectively, in December 2022. In January last year, the inflation numbers for farm and rural workers was at 5.49 per cent and 5.74 per cent, respectively. "Point to point rate of inflation based on the CPI-AL (Consumer Price Index Agricultural Labourers) and CPI-RL (Rural Labourers) stood at 6.85 per cent & 6.88 per cent in January 2023 compared to 6.38 per cent & 6.60 per cent, respectively in December 2022 and 5.49 per cent," the labour ministry said in a statement on Monday. Food inflation rose to 6.61 per cent and 6.47 per cent, respectively, last month from 5.89 per cent and 5.76 per cent, respectively, in December 2022. For farm and rural workers, the food inflation stood at 4.15 per cent and 4.33 per cent, ...

Are the markets ignoring the possibility of higher inflation?

Globally, too, sticky inflation seems to be a cause for concern. Last week, two Federal Reserve (US Fed) officials suggested that the US central bank may need to keep interest rates elevated ahead

RBI will take required action to keep inflation in check: FM Sitharaman

In a recent report the RBI said that the retreat of inflation is expected to be stubborn and beset by supply shocks in the upcoming year

Government affirms its number, says no 'overestimation' in retail inflation

A number of economists had pointed out that January's retail inflation data may have been overestimated by 23 basis points owing to a variation in the price index for cereals

SBI loans to get costlier as bank hikes key lending rate; Details here

Following the RBI MPC's repo rate hike earlier this month, many banks like Bank of Baroda, Bank of India, and Punjab National Bank have also hiked their key lending rates