NEW DELHI: Retail inflation eased to a five-month low in January as vegetable prices moderated, bringing much-needed relief to authorities battling stubborn price pressures, while industrial output growth slowed, led by a sluggish manufacturing sector. Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation, as measured by the consumer price index…
Retail inflation eased to 4.31 per cent in January from 5.22 per cent in December primarily due to declining food costs, as per the official data released on Wednesday. The retail inflation, measured by Consumer Price Index (CPI) was 5.1 per cent in January 2024.Additionally, food inflation stood at 6.02 per cent, showing a major…
New Delhi: As Finance Minister Nirmala Sitharaman prepares to present the Union Budget on February 1, 2025, the jewellery industry remains hopeful of consumption-boosting measures. The 2024 Budget’s decision to reduce import duties on gold and silver to 6 per cent was expected to drive demand and curb smuggling. However, industry leaders argue that while…
NEW DELHI: Retail inflation eased in November from a 14-month high in the previous month on the back of moderating food prices, while industrial output growth displayed a modest upturn in October.Data released by the National Statistical Office (NSO) on Thursday showed inflation, as measured by the consumer price index (CPI), rose an annual 5.5%…
November CPI inflation eases to 5.48%. (AI image) CPI inflation: The Consumer Price Index (CPI) inflation for the month of November 2024 eased to 5.48% as against 6.21% in October 2024. The retail inflation has fallen within the Reserve Bank of India’s target range of 2-6%. The Index of Industrial Production saw a growth rate…
Congress leader Rahul Gandhi (File photo) NEW DELHI: Rahul Gandhi, leader of opposition in Lok Sabha, took a swipe at the central government on Sunday over the dip in Gross Domestic Product (GDP) growth rate, which slumped to seven-quarter low of 5.4 per cent.Criticising the government over the concerning GDP data, the Congress leader claimed…
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…
High food inflation has been a challenge for policymakers. Food has a high share of 45.9% in the consumer price index and supply shocks influence the overall retail inflation numbers. The focus in recent months has been on the surge in tomato, onion and potato (TOP) prices. TOP accounts for 4.8% in the retail food…
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,…
NEW DELHI: Take a guess. Which is the product among the top 30 items in India’s import basket that saw the sharpest increase? It is pulses, that is part of your daily diet.Facing a shortage in all segments, other than gram or chana, govt has been importing pulses – tur, urad, masur (red lentils) and…
