India’s retail inflation rate slightly decreased to 5.09 per cent on an annual basis in February compared to 5.10 per cent in the previous month, according to data released by the Ministry of Statistics & Programme Implementation (Mospi) on Tuesday. The rate has stayed within the Reserve Bank of India’s (RBI) tolerance band of two […]
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, […]
India imported 1.2 million tonnes of vegetable oils in January 2024, 28 per cent lower than it shipped in the same month last year at about 1.7 million tonnes, data compiled by The Solvent Extractors’ Association of India (SEA) showed on Monday. Of the total imports, it consisted of 1.19 million tonnes of edible oils […]
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 […]
In the wake of persistent inflation, the Indian government has announced an extension of the exemption for tur and urad dal imports until 31 March 2025. This decision, conveyed through an order from the Director General of Foreign Trade, mirrors the recent extension of the import duty exemption for masur dal until the same date, […]
Retail inflation in India rose at its fastest pace in three months in November, largely due to a spike in food prices. The retail inflation or Consumer Price Index in November was 5.55 per cent. The October consumer price index (CPI) was at 4.87 per cent and 5.02 per cent in September. The retail inflation […]
India’s wheat inventories at state warehouses have dropped to 19 million metric tons, the lowest in seven years, two government sources said on Friday, as two years of falling production forced state-run agencies to sell more grain to private players. Last year, India, the world’s second-biggest wheat producer, banned exports after output was curtailed due […]
A decline in international crude oil prices will help control India’s inflationary pressures going forward, the country’s finance ministry said in a report on Tuesday. India’s retail inflation eased in October to a four-month low of 4.87 per cent, edging closer to the central bank’s target of 4 per cent. India’s crude oil basket has […]
Indian wheat prices surged to an eight-month high on Tuesday, propelled by strong demand for big festivals, limited supplies and as import duty makes overseas buying unfeasible for domestic flour mills. The increasing prices may prompt the government to release more stocks from inventories and eliminate import duties on the cereal to bolster supplies and […]
India’s retail inflation eased to 5.02 per cent from 6.83 per cent in September which is a three-month low banking on sliding vegetable prices but remained above 4 per cent, a target aimed by the Reserve Bank of India (RBI). It is likely that RBI would like to get comfortable with inflation before easing rates. […]
