Rebasing CPI necessary to make index relevant to present consumption patterns
Data shows that in Feb 2023 while WPI-wheat inflation dropped to 18.54%, CPI-wheat inflation for the same month rose from 25.05% in January 2023 to 25.37% in Feb
Commodity costs have fallen "sharply" in the last few months, the margin situation is now "pretty good" and a revival in sales volume is expected, helped by price drops in some categories such as soap, said Godrej Consumer Products Ltd (GCPL) Managing Director and CEO Sudhir Sitapati. In the last three-four months, a lot of commodities such as palm oil have deflated, he said, adding the inflation which is presently in the market is as a consequence of the high prices that were there six to eight months ago. "So I certainly do not see price hikes in the short to medium term unless the commodity situation goes up. I see, in categories like in soaps and all, price drops," Sitapati told reporters on the sidelines of an event here. Now the hyperinflationary scenario is gone off and the company "definitely expects volumes to revive", he said, adding there would be negative price growth over the next few months, but with better volumes. Sitapati expects consumption to come back and the ..
The U.S. dollar was steady elsewhere, loitering just above a seven-month low on the euro at $1.0737 in the lead-up to U.S. inflation data due on Thursday
Canada's consumer price index (CPI) rose 6.8 per cent year over year in November, following a 6.9 per cent increase in October, the national statistical agency said
Inflation in Finland has continued to accelerate, with consumer prices rising by 9.1 per cent in November compared to a year ago, the highest since 1983, according to official figures
Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%
The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs
Core inflation inches up; manufacturing activity declines
The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7
The MER, however, warned that the global macroeconomic situation remained precarious and a recession in many advanced economies would impact India's exports
Core inflation is calculated by largely stripping away the volatile components of food and fuel. Goyal was referring to certain products that have linkages with oil prices
Das had said earlier this year that the RBI was striving to ensure a 'soft landing' for the Indian economy while bringing domestic inflation back to the central bank's 4 per cent target over a period
The Consumer Prices Index rose 10.1% last month from 9.9% the month before, the Office for National Statistics said Wednesday.
For periods longer than 3 years, it is a good idea to explore debt mutual funds that offer indexation benefits and lower the tax outgo
Dip in dollar, bonds, and oversold markets boost global equities
The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken
Consumer price index boasts of a rigorous and robust design, but there are quite a few issues with it
Central bank will have to write to government explaining the reasons of its failure to contain inflation up to 6%
The current account deficit remains uncomfortably high as India's growth momentum outpaces the rest of the world.