Tag: Consumer Price Index
Retail inflation edges up to 3.9% in May
New Delhi: India’s retail inflation rose to 3.93% year-on-year in May – the highest level under the new 2024 base year series introduced in January…
India inflation likely rose to 4% in May as food, fuel costs climb
India’s inflation likely rose to the Reserve Bank of India‘s medium-term target of 4% in May, driven by a pickup in vegetable prices and higher…
RBI MPC meet: Central bank likely to maintain status quo on rates, adopt cautious approach amid West Asia crisis
Mumbai: The Reserve Bank is expected to leave the key policy rate unchanged at 5.25 per cent this week and adopt a cautious stance that…
West Asia crisis may soon make everyday goods costlier in India
New Delhi: The sharp rise in global commodity and energy prices triggered by the West Asia conflict is beginning to spread beyond crude oil and…
India’s near-term outlook clouded by supply risks, weather uncertainties: RBI report
Kolkata: India’s near-term economic outlook is clouded by supply side pressures and weather-related uncertainties while the potential second round effect of the West Asia geopolitical…
RBI not in favour of rate hikes to defend rupee, prioritises inflation
MUMBAI, – India’s central bank does not see interest rate hikes as the best way to defend the embattled rupee, three sources said, a position…
India’s inflation puzzle: How will fuel price play out
India’s inflation debate appears to be entering a complicated phase. On the surface, retail inflation appears under control, giving consumers and policymakers some relief. But…
Oil price shock to widen current account deficit, push inflation higher as US-Iran war continues: Expert
New Delhi: With no sign of the US-Iran war ending and global oil prices likely to reach record highs within a quarter, Santosh Mehrotra, former…
RBI’s state of economy report flags upside risks to inflation due to supply shock and weather uncertainties
Kolkata: The ongoing disruptions in cargo movement through the Strait of Hormuz along with the domestic weather-related uncertainties have raised the upside risks to inflation,…
India’s wholesale inflation rises to 11-month high of 2.13% in February
New Delhi: India’s gauge for wholesale prices climbed to an 11-month high of 2.13% year-on-year in February, led by higher costs of primary goods including…