The Reserve Bank of India (RBI), led by Governor Shaktikanta Das, has announced the decision to maintain the Policy Repo Rate at 6.5%. This steady stance indicates a deliberate approach towards economic stability.
The inflation in the food basket was 7.68 per cent in March, up from 5.85 per cent in the preceding month.
This inflation was mainly on account of higher food prices. The consumer price index (CPI) based on retail inflation stood at 5.03 per cent in February.
With heightened risk of deterioration in global growth, the RBI is likely to go for an inter-meeting repo rate cut of 25-40 basis points, says a report. On Wednesday, the World Health Organization (WHO) officially declared the coronavirus outbreak a pandemic.
Dedicating a full chapter on "Through 'Thalinomics -- The Economics of a Plate of Food in India", the survey tabled in Parliament by Finance Minister Nirmala Sitharaman analysed data from the Consumer Price Index for industrial workers for around 80 centres in 25 states/Union Territories from April 2006 to October 2019 to arrive at the cost of a 'thali'.
The previous high of CPI was 6.07 in July 2016. The Reserve Bank of India has been mandated by the government to contain inflation in the range of 4 per cent, with a margin of 2 per cent on either side.
The Pakistan Bureau of Statistics (PBS) reported on Wednesday that inflation, measured by the Consumer Price Index (CPI), edged up by 1.3 per cent over the previous month after the PBS revised its calculation methodology by setting the new base year 2015-16 instead of the previous 2007-08 financial year.
The inflation based on Consumer Price Index (CPI) was 3.99 per cent in September and 3.38 per cent in October 2018. The inflation in the food basket spiked to 7.89 per cent in October 2019 as against 5.11 per cent the preceding month
India's Consumer Price Index (CPI) for September stands at 3.99 per cent as compared to 3.21 per cent in August. September's CPI Food price inflation is 5.11% vs 2.99% in August. Fuel, Light inflation is at -2.18% vs -7.1% in August. Clothing and Footwear Inflation stands at 0.96% vs 1.23% in August. August Consumer Price Index (CPI) has been revised to 3.28% vs 3.21%.
In a late night notification on Tuesday, the finance ministry said "open cell, (15.6 inch and above), for use in the manufacture of Liquid Crystal Display (LCD) and Light Emitting Diode (LED) TV panel", would attract nil duty.
New Delhi: Retail inflation in April softened further and fell to a four-month low of 4.87 per cent as prices of food items, vegetables and fruits turned cheaper. The retail inflation measured on the basis
New Delhi: Easing of food prices, mainly milk and vegetables, pulled down the March retail inflation to 3-month low of 5.17 per cent.The retail inflation as measured by Consumer Price Index was 5.37 per cent
New Delhi: The retail inflation rose to 5.37 per cent in February on higher prices of food items, including vegetables and beverages.The consumer price based retail inflation (consumer price index or CPI) for February is
New Delhi: Retail inflation moved up to 5.11 per cent in January month-on-month, measured on a new base year 2012, mainly due to dearer food items including fruits and vegetables.In December, retail inflation based on
New Delhi: Attributing the fall in inflation to initiatives taken by the government, Finance Minister Arun Jaitley exuded confidence that the country is on the way to achieve a low and stable price regime."It is
New Delhi: Softening food prices pulled down the wholesale price inflation to near five year low of 2.38 per cent, creating headroom for the Reserve Bank to cut interest rate to boost demand and push
New Delhi: Bringing good news to the common man ahead of Diwali, the retail inflation dropped to 6.46 per cent in September on falling prices of fruits and vegetables, the lowest since India started computing
Mumbai: Reserve Bank of India (RBI) Governor Raghuram Rajan has said that there was a need to ‘break the back' of inflation which remains high and controlling it would make the apex bank's position more
New Delhi: The Wholesale prices-based inflation in April slowed to a two-month low of 5.20 per cent , helped by a moderation in food and fuel costs. The reading for February WPI inflation was revised
Mumbai: Concerns over inflation, hardening interest rates and asset quality have prompted FIIs to cut exposure in banking stocks such as ICICI Bank, HDFC Bank and SBI in the July-September quarter, say analysts.In the banking
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