Food inflation, which accounts for nearly half of the overall consumer price basket, is expected to have moderated due to falling vegetable prices, offset in part by surging cereal prices
Inflation expectations over the next three and 12 months declined by 30 basis points each in its March round of surveys, from the January round, the Reserve Bank of India said
Retail inflation for industrial workers remained flat at 6.16 per cent in February compared to that of January this year. "Year-on-year inflation for the month stood at 6.16 per cent compared to 6.16 per cent for the previous month (January, 2023) also and 5.04 per cent during the corresponding month (February 2022) a year before," a labour bureau statement said. It stated that food inflation stood at 6.13 per cent against 5.69 per cent of the previous month and 5.09 per cent during the corresponding month a year ago. The Labour Bureau, an attached office of the Ministry of Labour & Employment, has been compiling Consumer Price Index for Industrial Workers (CPI-IW) every month on the basis of retail prices collected from 317 markets spread over 88 industrially important centres in the country. The index is compiled for 88 centres and all-India and is released on the last working day of succeeding month. The all-India CPI-IW for February 2023 decreased by 0.1 point and stood at ...
Rises in food prices, which account for nearly half of the Consumer Price Index (CPI) basket, likely moderated last month
Samajwadi Party (SP) president Akhilesh Yadav has termed the increase in prices of cooking gas as another blow to the middle class, which is already reeling under the burden of rising prices
"The market is not factoring in any major interest rate hike. The consensus is that we are close to a prolonged pause in the rate-hike cycle"
The Indian economy could see another bout of inflation as the rural demand revives and the informal sector recovers from the pandemic-lows, economists at HSBC Securities and Capital Markets said
Following the RBI MPC's repo rate hike earlier this month, many banks like Bank of Baroda, Bank of India, and Punjab National Bank have also hiked their key lending rates
Latest reading has increased uncertainty
Commerce media company Criteo conducted a survey of over 1,400 consumers in India to see how inflation has affected shopping behaviour
Credit rating agency Icra on Monday said the inflation-linked toll hike should be relatively modest at 2-5 per cent in FY24 as compared to 8.7-14.6 per cent last fiscal
Foreign institutional investors have purchased $840 million worth of Indian bonds so far in 2023. This is a change in the trend as they were net sellers of bonds in the years 2022 and 2021
FM's speech must highlight its impact on money supply, demand and investment- factors that influence inflation and growth
Inflation being driven by cereals, spices, milk, prepared meals and snacks
In November 2022, wholesale price inflation stood at 5.85 per cent. In December 2021, it was at 14.27 per cent
Benchmark Sensex and Nifty bounced back on Friday after a three-day decline following buying in index major Infosys and Tata Consultancy Services amid a firm trend in global equities. The 30-share BSE Sensex gained 303.15 points or 0.51 per cent to settle at 60,261.18. During the day, it jumped 460.23 points or 0.76 per cent to 60,418.26. The broader NSE Nifty rose by 98.40 points or 0.55 per cent to end at 17,956.60. From the Sensex pack, Tata Steel, IndusInd Bank, Infosys, UltraTech Cement, NTPC, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, ICICI Bank and Maruti were among the major winners. Titan, Nestle, Larsen & Toubro, Axis Bank, ITC and Asian Paints were among the major laggards. HCL Technologies and Infosys recovered from early losses to end in green. Infosys on Thursday reported a better-than-expected 13.4 per cent rise in profit for the December quarter and raised its annual sales forecast on a strong deal pipeline even as it warned of "constraints" in
RBI Governor Shaktikanta Das in his latest monetary policy statement had expressed concern over "sticky and elevated" core inflation, holding that the battle against inflation was not over yet
Despite uncertainties, India's equity market scaled new highs last year. But how will the markets and the economy behave in 2023? Find out tells you what leading economists and market analysts think
Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted
Dan Bodner, Verint founder and CEO said that India has been amongst the top two contributors to the Asia-Pacific revenue of the New York-based analytics company and will continue to expand