India’s retail inflation surged to 6.21% in October, a 14-month high driven by rising food and fuel prices, while industrial output expanded by 3.1% in September.
The dip in India's wholesale inflation was helped by the fall of Brent crude prices to $75 a barrel from over $92 in April. India's wholesale inflation rate was recorded at 1.31 per cent in August, but the prices of food staples rose sharply in the same month.
While formulating its bi-monthly monetary policy, the RBI considers consumer inflation. It notes that uncertainties surrounding food prices continue to exert influence on the inflation trajectory in the foreseeable future.
The data's release is closely monitored by economists, policymakers, and the public as it provides insights into changes in the cost of living and purchasing power for citizens.
Retail inflation: In June, retail inflation was at 7.01 percent and it stood at 5.59 percent in July 2021.
World Food Prices: The monthly index of food commodity prices fell 8.6 per cent in July, its largest one-month fall since 2008, according to data released by the UN agency.
The biggest price increases were for vegetable oils. The vegetable oil price index rose 23.2%, driven by higher quotations for sunflower seed oil. Ukraine is the world's leading exporter of sunflower oil.
Retail inflation rose to 6.3 per cent in May, breaching the RBI's comfort level, on the back of costlier food items, government data showed on Monday.
Retail inflation rose to 5.03 per cent in February mainly on account of higher food prices, government data showed on Friday.
It was decided to ask all the Chief Secretaries of states hold regular meetings with wholesalers, traders, importers, and exporters of such commodities at state and district levels especially during the festive season upto December.
The increase spanned covered all the food commodities except cereals, whose prices fell for the fourth month in a row amid large export availability and expectations for record global output in the coming year, said FAO.
Wholesale price-indexed (WPI) inflation in India during April rose to four-month high at 3.18 per cent on increasing prices of petrol and diesel as well as fruits and vegetables.
Wholesale inflation fell to 0.90 per cent in June -- the lowest in at least eight months – as prices in food articles, including vegetables, declined
Wholesale inflation broke the 3-month declining trend and rose to 3.39 per cent in December 2016, mainly due to rise in prices of manufactured items, even as food articles turned cheaper. The wholesale price
With subdued demand in the aftermath of demonetisation leading to softening of costs of vegetables and other kitchen staples, India’s wholesale inflation slipped for the third straight month to settle at 3.15 per cent for
New Delhi: India's wholesale price index saw a sharp rise in June to 1.62% from last month's 0.79% amid pricier vegetables and a small uptick in manufactured goods. This kept the inflation level in the
New Delhi: India's retail inflation rose for the second straight month in May to 5.76 per cent from 5.47 per cent in the month before due to a sharp spike in food prices, according to
New Delhi: Inflation declined to a five and a half year low of (-)0.39 per cent in January on falling prices of manufactured and fuel items even though food articles remained high.Inflation measured on wholesale
New Delhi: Curtailing food inflation will be Prime Minister Narendra Modi's top priority as his government pursues broad economic reforms focused on job creation, reviving growth, encouraging FDI and introducing a non-adversarial tax regime.Unveiling the
New Delhi: Costlier onion and other vegetables pushed up inflation for the third month in a row to 6.1 per cent in August, making it difficult for the RBI to cut rate in the monetary
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