Wholesale inflation slipped to about three-and-a-half-year low of 0.16 per cent in October on account of a decline in prices of manufactured goods though food products remained dearer, government data showed on Thursday.
The study, which was published by Gallup and Gilani Pakistan on Tuesday, said 53 per cent of respondents believe the country's economy, specifically increasing inflation, is the biggest problem facing the country.
India's Consumer Price Index (CPI) for September stands at 3.99 per cent as compared to 3.21 per cent in August. September's CPI Food price inflation is 5.11% vs 2.99% in August. Fuel, Light inflation is at -2.18% vs -7.1% in August. Clothing and Footwear Inflation stands at 0.96% vs 1.23% in August. August Consumer Price Index (CPI) has been revised to 3.28% vs 3.21%.
Finance Minister Nirmala Sitharaman on Saturday said inflation is under control and there is a clear sign of revival of industrial production.
According to the Central Statistics Office (CSO) data, the jump in the retail inflation based on Consumer Price Index (CPI) was mainly due to rise in prices of kitchen items like vegetables, meat and fish.
Wholesale price-based inflation slipped to 3.07 per cent in April on cheaper fuel and manufactured items, even as prices of food articles remained high, according to an official data released Tuesday.
The consumer price index (CPI)-based retail inflation was at 2.57 per cent in February this year. On yearly basis, it was 4.28 per cent in March 2018.
Inflation based on wholesale prices rose to 2.93 per cent in February over the previous month due to hardening of prices of primary articles, fuel and power, according to government data released Thursday.
The decline was due to a fall in food prices and smaller increases in fuel costs.
Among food articles, potato prices became cheaper substantially with inflation at 48.68 per cent in December, as against 86.45 per cent in November.
India's wholesale inflation fell to a three-month low of 4.64 per cent in November, driven down by decline in prices of food articles, especially vegetables, and some easing in rates of petro products.
The Central Statistics Office (CSO) data showed the Consumer Food Price Index (CFPI) deflated further to (-) 2.61 per cent in November from (-)0.86 per cent in October 2018.
According to the government data released Wednesday, food articles witnessed softening of prices with deflation at 1.49 per cent in October, against 0.21 per cent September.
The RBI also underlined that inflation was under control and that the $75-billion currency swap agreement with Japan announced on Monday would provide additional resources to the country.
The inflation based on consumer price index (CPI) had declined to a 10-month low of 3.69 per cent in the previous month. In September 2017, it was at 3.28 per cent.
Union Finance Minister Arun Jaitley on Saturday said inflation was under control, and expressed confidence for achieving a fiscal deficit target of 3.3 percent.
However, WPI inflation on manufacturing products increased from 4.26 per cent to 4.43 per cent.
The suggestions were made by some members of the Parliamentary Standing Committee on Transport, Tourism and Culture during a meeting with senior officials of the Civil Aviation Ministry on Wednesday.
The factors that are likely to impact inflation number going forward include volatility in the global financial markets, oil prices, MSP pass-through and staggered impact of HRA increases by states.
Rise in prices of manufactured products along with that of food articles and fuel types accelerated India's wholesale inflation rate at 5.77 per cent
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