The fall offers the Reserve Bank of India (RBI) greater scope to consider further interest rate cuts, even as it delivers a mixed impact bringing relief to consumers but hurting farm incomes
With retail inflation falling to a six-year low in June, pressure mounts on the RBI to reassess its stance
On Thursday, 11 April, gold prices surged as softer-than-expected US producer prices data fueled optimism for potential interest rate cuts this year, while ongoing geopolitical uncertainties continued to bolster the appeal of the yellow metal. Spot gold witnessed a 0.3 per cent increase, reaching USD 2,340.69 per ounce, while US gold futures climbed 0.4 per […]
India will undertake another survey of family consumption as well as goods and brands at retailers to get a complete picture of domestic spending before adjusting the consumer price index (CPI), the news agency Reuters reported. The government revealed the preliminary findings of the 2022/23 household consumption expenditure survey, the first in more than a […]
Retail inflation data is anticipated to be revised after the most recent household consumption expenditure survey revealed that the percentage of food and cereal consumption has declined dramatically. Food accounts for roughly 46 per cent of the consumer price index (CPI), according to the 2011-12 household consumption expenditure survey. The most recent statistics for 2022-23, […]
The All-India Consumer Price Index (CPI) for Agricultural Labourers and Rural Labourers witnessed a modest increase in January 2024, with both indices rising by 1 point each. Released by the Ministry of Labour and Employment (MoLE), the CPI for Agricultural Labourers now stands at 1258 points, while the CPI for Rural Labourers stands at 1268 […]
Retail inflation in India declined to 5.10 per cent in January due to an easing in food prices, according to the data released by the government on Monday. Inflation based on the Consumer Price Index (CPI) was 5.69 per cent in December last year. It was 6.52 per cent in January 2023. National Statistical Office […]
Data released on Friday unveils a challenging economic scenario for India as the year concluded, with a simultaneous slowdown in industrial output and a notable spike in inflation. The statistics, revealed by the Ministry of Statistics and Programme Implementation, indicate that industrial output growth plummeted to an eight-month low of 2.4 per cent in November. […]
India’s retail inflation rose to 5.69 per cent in December which is marginally higher than 5.5 per cent in the previous month, states data released by the Ministry of Statistics and Programme Implementation (Mospi). It should also be noted that inflation, measured by the Consumer Price Index (CPI) has remained within the Reserve Bank of […]
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 […]
