GDP growth forecast for FY20 has been revised downwards from 6.1 per cent in the October policy to 5 per cent
But core inflation, which excludes the volatile components of food and fuel, stood at 3.3 per cent in October; this is its lowest in eight years
This is largely because the surge in recent weeks is due to the rains in Maharashtra, which could impact kharif harvest if they continue unabated
The CPI food inflation rate rose to 5.11 per cent in September
Farmers could pin their hopes for a better future on the rising inflation rate in some crops at 5.9 per cent in the quarter under review
BENGALURU (Reuters) - India's retail inflation rose for the sixth straight month in July - the longest stretch of monthly increases since January 2016 - to a nine-month high, largely due to a continued rise in food prices, a Reuters poll predicted.
The brokerage said the focus has now shifted to farmers who are protesting against low food prices and demanding higher returns on their crops
In the benchmark Latur (Maharashtra) market, tur prices shot up by 32% in two months to Rs 48.5 a kg from Rs 37 per kg on October 31
CPI inflation, excluding food and fuel, rose to 6.1% by October-end
We need more synchronisation between market understanding and RBI communication, lest we fall into the familiar trap of signal extraction
The average agriculture input cost inflation over the past year has been -1.4%
The inflation number was broadly in line with what the RBI had assessed in its latest monetary review
Overall food inflation (food articles plus manufactured food) slipped to 2% in September from 4.4% in August
Food inflation continued to dip for the 5th consecutive month on fresh supplies entering the market
Wholesale price inflation edged down for the second consecutive month to 3.4 per cent in October, from 3.6 per cent in September
Core inflation, as measured by the CRISIL Core Inflation Indicator stood at 3.3 per cent versus 0.7 per cent in September last year
The WPI-based inflation in vegetables rose to 28.05% in July from 16.91% in June; retail vegetables inflation remained over 14% in both July and June
This was led by higher food inflation, especially in pulses, fruits, vegetables, tea, egg, meat and fish
In June, the non-food manufacturing inflation measure stood at minus 0.3 per cent, while CCII inflation, after entering the positive zone in December, was at two per cent
Wholesale price index inched up in May to 0.8 per cent, the highest since November 2014. This was led by higher food inflation, especially in pulses, vegetables, sugar and milk. Fuel inflation continued to fall, while core inflation as measured by the CRISIL Core Inflation Indicator remained unchanged at 1.8 per cent. Food inflation (primary plus manufactured food) rose to 7.77 per cent, from 5.4 per cent in April due to a rise in primary food inflation. Primary food inflation inched up to 7.90 per cent, from 4.20 per cent previously, led by higher inflation in pulses, vegetables, milk, and condiments and spices. Inflation in processed food, which has been rising since September 2015, remained high at 7.50 per cent in May on the back of a rise in sugar inflation.