Even on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in October 2018 was lower than in the corresponding period of last year, when retail inflation stood at 3.58 per cent.
In October 2017, CPI inflation was at 3.58 per cent and it has remained above RBI’s targeted rate of 4 per cent since then.
Snapdeal terminated merger talks with Flipkart on July 31, 2017, ostensibly to pursue an independent path.
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.
On MSP hike, RBI said there is a considerable uncertainty and the exact impact would depend on the nature and scale of the government's procurement operations.
The increase in inflation has reduced possibilities of an interest rate cut by the Reserve Bank in its upcoming monetary policy review.
World’s leading speciality retailers of fragrant products for the body, hands and home, Bath & Body Works have introduced two stores in National Capital, New Delhi, with an inline launch expected in Mumbai in early 2019.
The drop in retail or consumer inflation was mostly driven by lower food prices, the government said.
The ease in the inflation number was mostly driven by lower food prices. However, the figure remains higher than the 4 per cent target of the Reserve Bank of India.
According to data released by Central Statistics Office (CSO), the inflation rate for the last month was mainly driven by steep hike in food and fuel prices.
Until now, Foreign Direct Investment up to 49 per cent was permitted under the automatic route
The inflation rate stood at 3.63 per cent during the corresponding period last year. In October, the inflation rate was registered at 3.58 per cent.
Costlier food items, particularly vegetables, pushed up retail inflation in October to seven-month high of 3.58%. The Consumer Price Index-based inflation was 3.28% in September.
On a sequential basis, the country's Consumer Food Price Index (CFPI) dropped to 1.25 per cent during the month under review when compared to 1.52 per cent in August 2017.
The Foreign Investment Promotion Board has approved Oppo Mobiles India Pvt Ltd's request to open single-brand retail stores.
Zara will start online sales throughout India on its website and mobile app starting 4th October. Customers will be able to choose between picking up their orders at the store and at-home delivery.
India has replaced China as the numero uno retail destination in 2017 as part of the global retail development index, according to industry experts
India has replaced China this year as the top retail destination as part of the study on global retail development index.
The current rate of inflation is the highest in five months.
Retail inflation in June fell to 1.54 per cent, as compared to 5.77 per cent in the same month last year.
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