Data later today might show wholesale prices grew 13.3%, the highest rate in three decades, it's unlikely just yet to fully feed into consumer prices.
Higher international prices for commodities including crude, edible oils and gold are clearly spilling over into consumer inflation, says an economist
Green tea, sanitisers among items in bigger basket
Repo rate stays at 4%, stance accommodative; Central bank to buy Rs 1.2 trillion of bonds in Q2
This time, RBI's rate-setting body is not only talking about sustaining growth but also reviving it
Retail inflation for industrial workers marginally eased to 5.14 per cent in April compared to 5.64 per cent in March, mainly due to lower prices of certain food items. "Year-on-year inflation for the month (April) stood at 5.14 per cent compared to 5.64 per cent for the previous month and 5.45 per cent during the corresponding month of the previous year," the labour ministry said in a statement on Monday. According to the statement, food inflation stood at 4.78 per cent in April against 5.36 per cent in the previous month. The same was at 6.56 per cent in April 2020. The All-India CPI-IW (Consumer Price Index-Industrial Workers) for April 2021 increased by 0.5 points and stood at 120.1 points from 119.6 points in March. In terms of one-month percentage change, it rose by 0.42 per cent in April compared to March this year while the increase was 0.92 per cent as against the same period a year ago. The maximum upward pressure in current index came from Food & Beverages group ...
'Unwinding' is unlikely to happen before the third quarter of this year even if we don't mess up in tackling a possible third wave of Covid; rate hike may have to wait for next year
Higher input prices and disruptions to the rural economy have resulted in price pressures and inflation is back to haunt us, a rating agency said in its research report on Wednesday.
Retail inflation for farm workers and rural labourers in April eased marginally to 2.66 per cent and 2.94 per cent, respectively, mainly due to lower prices of certain food items
Economists say policy rate reduction unlikely
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Inflation in the food basket was 2.02% in April, down from 4.87% in the preceding month; industrial production shrinks 8.6% in FY21 compared to 0.8% contraction in FY20
Consumer price inflation was predicted to cool to 4.20 per cent in April, just above the RBI's 4 per cent mid-point target and down from March's four-month high of 5.52 per cent
The development may prevent RBI's monetary policy committee from cutting policy rates unless growth really takes a hit due to regional lockdowns in 2021-22, experts say
The manufacturing sector output contraced by 3.7 per cent in February, while the mining output declined by 5.5 per cent. Meanwhile, the power generation grew by 0.1 per cent
The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40% in March from a year earlier as opposed to 5.03% in February. Forecasts ranged from 4.60% to 6.11%
Retail inflation for farm workers and rural labourers rose to 2.67 per cent and 2.76 per cent in February against 2.17 per cent and 2.35 per cent respectively in January, 2021
India's retail inflation, according to data released this Friday, surged to a three-month high of 5.03 per cent in February, as against 4.06 per cent in the previous month
Food inflation rose to 3.87 per cent from 3.11 per cent over this period.
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