MUMBAI: The central bank’s projections indicate that inflation will moderate after remaining high in October, RBI governor Shaktikanta Das has said, while cautioning that geopolitical risks and weather events pose potential threats.“Sept inflation crossed 5%, and we expect October inflation to be high as well. However, our projections indicate that inflation will begin to moderate…
NEW DELHI: Retail inflation surged to a 9-month high in Sept on the back of a sharp spike in food prices, particularly vegetables, edible oils and pulses, dashing hopes of any interest rate cut for now.Data released by the National Statistics Office (NSO) on Monday showed the retail inflation, as measured by the consumer price…
August 2024 CPI: The Consumer Price Index (CPI) inflation for the month of August 2024 rose marginally to 3.65% versus 3.6% in July, according to the government data. The retail inflation number is well within RBI’s target range of 2-6% and lower than the ideal 4% number. In July 2024, the Index of Industrial Production…
July 2024 CPI inflation: The Consumer Price Index (CPI) inflation for the month of July eased sharply to 3.54%. This is the lowest retail inflation in 59 months or nearly 5 years according to the Ministry of Statistics data released today.According to MoSPI data, the provisional inflation rate stands at 3.54% for the entire country,…
The Consumer Price Index (CPI) inflation for the month of May 2024 eased to 4.75% as against 4.83% in April 2024. The rural and urban inflation rates are 5.28% and 4.15%, respectively. The Consumer Food Price Index (CFPI) inflation came in at 8.69%, down marginally from 8.70% in April 2024.Notably, the all India inflation based…
NEW DELHI: Retail inflation eased to a five-month low in March on the marginally moderating food inflation, while industrial output growth rebounded to a four-month high in Feb, led by robust infra sectors and consumer durables output.Data released by the National Statistical Office, nearly an hour late from the official release time, showed retail inflation,…
Representative image New Delhi: In a captivating economic narrative, India‘s gold market finds itself at a pivotal juncture, delicately manoeuvring through the interplay of age-old traditions and modern financial evolution. An in-depth econometric analysis sheds light on the intricate web of factors influencing the dynamics of one of the world’s largest gold-consuming nations. India, now…
