Damage to standing crops due to extended rain, depletion of stocks at home and in global markets could spoil the calculations
The Wholesale Price Index (WPI)-based inflation rose to 1.32 per cent in September 2020, mainly on the back of costlier food articles
Inflation continues to be high and food prices are going through the roof. In fact, retail inflation climbed to an eight-month high in September, and wholesale inflation to a seven-month high.
The August 6-10 Reuters poll of over 45 economists showed Indian retail inflation rose to 6.15 per cent last month from 6.09 per cent in June
Since March 2020, WPI food inflation rate continued to fall but the CPI-food inflation rose, signaling a breakdown in supply chain from the mandis to the final household
Inflation in food articles during May stood at 1.13 per cent, as against 2.55 per cent in April
Economists said the low inflation had come amidst a low response rate, and was contrary to expectations of disinflation
There is a yawning gap between a majoritarian political agenda and an understanding of every citizen's basic constitutional rights
The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.46 per cent in December 2018.
The states that witnessed high CPI-based inflation rates were Lakshadweep, Tripura, Odisha, Uttar Pradesh, Kerala, Madhya Pradesh, Puducherry, Tamil Nadu, Rajasthan, Manipur and Mizoram
If interest rates aren't reduced quickly & in good measure, the economy will continue to struggle
Structural reforms are much less about privatisation, land, and labour, and more about expanding the scope of private enterprises and allowing them to be more competitive and productive
RBI's next move will depend on the Budget
The gap between WPI and CPI food inflation was the highest in the past decade, says Credit Suisse report