The Wholesale Price Index (WPI) inflation has risen to 1.32 per cent for September as compared to 0.16 per cent in August, data published by the government showed on Wednesday.
Rising food prices pushed retail inflation to an eight-month high of 7.34 per cent in September, above the RBI's comfort level, while industrial output continued to contract in August, official data showed on Monday.
The wholesale price-based inflation declined 0.58 per cent in July, even as food items turned costlier. WPI inflation in June was at (-) 1.81 per cent, while for the month of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively.
The Reserve Bank of India (RBI) on Thursday said inflation is expected to be at elevated levels during the second quarter, but may ease in the second half of the current fiscal year.
Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at 12 noon today. This was the 24th meeting of the MPC. Besides, the central bank also issued directions regarding the loan moratorium which is coming to an end on August 31 amid bankers opposing the further extension of this facility on concerns over its misuse.
Inflation in food articles during June stood at 2.04 per cent, as against 1.13 per cent in May. In fuel and power basket, deflation stood at 13.60 per cent in June, against 19.83 per cent in the previous month.
Retail inflation rose by 6.09 percent in June, mainly on account of higher prices of food items, the government data showed on Monday.
Prices in the wholesale market fell to a 4.5-year low level in May, recording a deflation of 3.21 per cent, due to sharp decline in fuel and power items even as food articles turned expensive.
Wholesale price index (WPI) inflation has declined by 3.21 per cent in May against a rise of 2.79 per cent in the year-ago period. The wholesale prices witnessed deflation due to sharp decline in prices of fuel and power, even as food articles turned expensive.
For Pakistans residents, fiscal year 2020 was the worst year as they witnessed highest inflation in the world forcing policy makers to increase interest rate, according to the State Bank of Pakistan (SBP).
India's annual inflation rate based on wholesale prices eased to 1 per cent in March from a rise of 2.26 per cent in February, official data showed on Wednesday. The fall in March has largely been on account of a sharp fall in food prices in the country. Food inflation in March fell to 4.91 per cent from 7.79 per cent in the previous month.
Consumer Price Index (CPI) inflation for the month of March 2020 stands at 5.91% against 2.86% on March 2019, Government of India. The inflation in the food basket was 8.76 per cent in March 2020, lower from 10.81 per cent in the previous month, as per the CPI data released by the National Statistical Office (NSO).
India's annual inflation rate based on wholesale prices declined to 2.26 per cent in February from a rise of 3.10 per cent in January, official data showed on Monday.
Retail inflation is on course to fall below 6 per cent in March and close to 5 per cent by August, helping the central bank navigate the coronavirus pandemic with lower interest rates, say SBI analysts.
Retail inflation slowed to 6.58 per cent in February over the previous month mainly due to easing food prices, government data showed on Thursday. The retail inflation based on Consumer Price Index (CPI) was 7.59 per cent in January and 2.57 per cent in February 2019.
Wholesale prices-based inflation accelerated to a 10-month high of 3.10 per cent in January mainly due to costlier food articles, particulary onion and potato, official data showed on Friday.
On a sequential basis, the expenses on manufactured products category, which constitute over 64 per cent of the WPI's total weightage, increased to 0.34 per cent from (-)0.25 per cent.
A day after Finance Minister Nirmala Sitharaman said economic growth was rebounding, government data on Wednesday showed that industrial output contracted by 0.3 per cent in December while retail inflation jumped to a 68-month high of 7.59 per cent in January on high food prices.
Retail inflation jumped to over five-and-a-half-year high of 7.59 per cent in January on persistently high prices of vegetables, pulses and protein-rich meat and fish, government data showed on Wednesday.
According to analysts, domestic investors are likely to stay focused on the last batch of Q3 numbers, factory output and CPI inflation for the month of January. As per the consensus, inflation is expected to remain elevated confirming the recent action by the central bank.
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