Indian Households Altering Their Spending Patterns To Non-food Items: Report
In rural areas, the percentage of spending on food decreased from 52.9 per cent in 2011-12 to 47.04 per cent in 2023-24, as per the report
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Retail
Wholesale Inflation Returns To Positive Territory In India After 7 Months
- by BW Retail World Bureau
- December 15, 2023
Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Thursday afternoon showed India’s wholesale inflation in November stood at 0.26 per cent. In October, it was […]
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India’s Retail Inflation Likely To Ease By December: Finance Secretary
- by BW Retail World Bureau
- October 6, 2023
Finance Secretary T V Somanathan said that the retail inflation in India is expected to ease by December, attributing it to more favorable seasonal factors, the news agency Reuters reported. Despite staying above the upper limit of the central bank’s 2-6 per cent tolerance band for the second consecutive month in August, retail inflation has […]