Earlier on Monday, the government data showed that the Consumer Price Index (CPI)-based inflation was at 6.44% in February
Some delay in offloading central wheat stocks causes spike
The price fall is mainly attributed to a fall in food prices, especially vegetables
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
Inflation in manufactured products was 3.37 per cent during the month
WPI-based inflation remained below the double-digit mark for second consecutive month in November
The data released on Wednesday showed CPI-based inflation again shot up to 7.6 per cent in September, up from 7 per cent in August
India's wholesale price inflation in July eased to lowest in five months at 13.93 per cent against 15.18 per cent in June
Inflation as measured by the CPI index stood at 7.04 in May 2022, higher than the Reserve Bank of India's (RBI's) comfort zone of 2 - 6 per cent
The latest figure also makes it historically the highest in 31 years since September 1991 (16.31 per cent)
The Wholesale Price Index (WPI)-based inflation maintained its increasing trajectory for the third month in a row, and remained in double digits for the 14th consecutive month since April last year
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As per the government data released on Monday, WPI inflation has remained in double digits for the 12th consecutive month beginning April 2021
Besides the petrol, diesel and LPG prices, compounding the woes for manufacturers and consumers alike is the sharp hike in prices of natural gas starting April 1 for a period of six months
Instead of a recovery in gross margins in fiscal 2022-23 (FY23), Jefferies now builds-in 50-200 basis point (bps) YoY decline, assuming crude stays closer to $100 a barrel and palm oil at $1,500/MT
There are several reasons for the lack of uniformity, such as depreciation of other currencies, essential nature of crude imports and global fluctuations in energy prices
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Based on the existing value-added tax (VAT) structure and taking Brent crude price of $100 - $110 per barrel, SBI believes diesel and petrol prices should have been higher by Rs 9-14 each by now
Simply put, farmers are paying a higher price for their agri inputs and for services such as health and education, as compared to the price they receive on the sale of their produce
WPI inflation has remained in double digits for the ninth consecutive month beginning April