As per the government data, the average inflation was 6.65 per cent in 2014, came down to 4.91 in 2015 and further slipped to 3.33 in 2017. Even in 2019, it was 3.72 per cent but jumped to 6.62 in 2020. Average inflation rate in 2021 was 5.14 per cent.
RBI Governor Shaktikanta Das, at the recent monetary policy committee review deliberations, had categorically said that India's retail inflation is likely to stay above the tolerance level till the third quarter of FY23 before moderating below 6 per cent.
India's retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed.
The factory output rose 1.7 per cent in February, mainly on account of rise in the mining sector and power generation.
The macro-economic data assumes significance as it brings retail inflation mark in the range of the Reserve Bank of India's set target of 2-6 per cent for CPI inflation.
Mumbai: Even as the country’s retail inflation cooled off in August, an October rate hike by the Reserve bank of India (RBI) is imminent, a SBI Ecowrap report said on Wednesday. “Even though CPI (Consumer Price Index) inflation has cooled off, we believe October rate hike of 25 bps is imminent, but the question is […]
The rate of price rise in the vegetables basket was (-) 14.18 per cent on an annual basis, sugar and confectionery (-) 5.99 per cent and cereals (-) 2.96 per cent.
New Delhi: Higher food prices pushed up India’s August retail inflation to 3.21 per cent from 3.15 per cent in July, official data showed on Thursday. However, the Consumer Price Index (CPI) in August was lower than the corresponding month of the last year when retail inflation stood at 3.69 per cent. According to the […]
New Delhi: Retail inflation declined to 4.59 per cent in December 2020 compared with 6.93 per cent in November last, government data showed on Tuesday. The data released by the Ministry of Statistics and Programme Implementation showed that the easing of the Consumer Price Index (CPI) came on the back of a decline in food […]