September inflation hits 9-month high: Will it delay RBI's rate cut plans?
Business | October 15, 2024 13:48 ISTIndia’s retail inflation surged to 5.49% in September 2024, driven by food prices, casting doubt on the RBI’s December rate cut plans.
India’s retail inflation surged to 5.49% in September 2024, driven by food prices, casting doubt on the RBI’s December rate cut plans.
India's wheat production had fallen to 107.74 million tonnes in the 2021-22 crop year (July-June) from 109.59 million tonnes in the previous year.
The government has decided to offload 50 lakh tonnes of wheat and 25 lakh tonnes of rice under the Open Market Sale Scheme (OMSS).
The report said the normal expense of setting up a thali at home is determined in light of input costs prevailing in north, south, east, and west India.
Inflation: The retail inflation rose to a 3-month high of 6.52 per cent in January, the government data showed on Monday.
IMF staff and the Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about 2.9 billion US dollars.
Inflation update: The consumer price index (CPI) based inflation stood at 7.04 per cent in May and 6.26 per cent in June 2021.
The inflation in the food basket was 7.68 per cent in March, up from 5.85 per cent in the preceding month.
WPI inflation at 2.48 per cent in February is the lowest in seven months. The previous low level was recorded in July at 1.88 per cent.
Mumbai: Pinning hopes on ‘rain gods' to be kinder this year, Finance Minister Arun Jaitley today said a better monsoon would help check food inflation, including in pulses.Jaitley also said that rising tax revenues and
New Delhi: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items.The Wholesale Price Index (WPI)
Chandigarh: Lok Sabha Speaker Sumitra Mahajan today said declining area under crops has the potential to cause food inflation and hit farm output and employability in the agriculture sector.“Now we are witnessing different types of
New Delhi: The Reserve Bank India (RBI) may consider raising interest rates to bring down the persistently high inflation on a durable basis, suggested IMF working paper."Given elevated and persistent inflation... the RBI may also
New Delhi: Finance Minister Arun Jaitley on Wednesday said controlling food inflation, which has been consistently hovering around the double-digit mark, is a ‘top priority' for the government."Food inflation will be a challenge and a
New Delhi: Retail inflation for industrial workers has surged to 10.7 percent in September compared to 9.14 percent in same month last year, mainly on account of rise in price of food items, fuel and
Mumbai: Despite favourable impact of monsoon, the sharp decline in overall inflation is unlikely in near future, rating agency India Ratings & Research said on Tuesday.Headline inflation, on y-o-y basis, increased to 6.5 percent in
Mumbai, Jun 6: Finance Minister P. Chidambaram has said that food inflation is still high and expressed confidence that it will come down with the full harvest of rabi crops.“Food inflation is still elevated but
Chennai, Oct 2: Food inflation is “stubbornly” high and is a barrier to economic growth, Reserve Bank of India deputy governor Subir Gokarn said here on Tuesday. Gokarn also said the present growth scenario suggests
New Delhi, Jan 19 : Food inflation remained in the negative zone for the third straight week, at (-)0.42 per cent for the week ended January 7, mainly due to fall in prices of onion
New Delhi, Dec 29: Food inflation fell sharply to a six-year low of 0.42 per cent in the week ended December 17 as prices of essential items like vegetables, onion, potato and wheat declined.Food inflation,
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