Retail inflation slowed to 6.58 per cent in February over the previous month mainly due to easing food prices, government data showed on Thursday. The retail inflation based on Consumer Price Index (CPI) was 7.59 per cent in January and 2.57 per cent in February 2019.
Retail inflation jumped to over five-and-a-half-year high of 7.59 per cent in January on persistently high prices of vegetables, pulses and protein-rich meat and fish, government data showed on Wednesday.
Retail inflation, which accelerated to 7.35 per cent in December and could breach 8 per cent in January, may force the Reserve Bank of India to hold rates in the monetary policy review next month, according to a report.
The retail inflation is on a 5-year high level of 7.4% as of December 2019 majorly driven by the inflation in the food price index, which also stood at 14.12%. A look at key statistics and what holds in future in terms of RBI's rate cut and probable inflation levels in the coming months.
Retail inflation rose sharply to 7.35 percent in December 2019 from 5.54 percent in November, government data said on Monday.
Wholesale prices based inflation rose to 0.58 per cent in November, as against 0.16 per cent in October due to increase in prices of food articles. The annual inflation, based on the monthly wholesale price index (WPI), was at 4.47 per cent during the same month a year ago (November 2018).
According to the data released by the National Statistical Office (NSO), costlier vegetables, pulses and protein rich items pushed the consumer price index (CPI) based retail inflation to a 40-month high in November.
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 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
The rate of price rise in the food basket was 2.99 per cent in August, up from 2.36 per cent in the previous month, as per the Consumer Price Index (CPI) data released by the Ministry of Statistics & Programme Implementation.
Prices of vegetables, eggs, meat and fish pushed the retail inflation up year-on-year. Vegetables' prices increased 2.82 per cent, meat and fish 9.05 per cent, eggs 0.57 per cent and pulses and its products 6.82 per cent.
Rising for sixth month in a row, retail inflation rose to 3.18 per cent in June due to costlier food products such as grains, pulses and protein-rich items meat and fish, government data showed Friday.
The inflation based on Consumer Price Index (CPI) 2.86 per cent in the previous month and 4.58 per cent in April 2018, said the data released by the Central Statistics Office (CSO).
The consumer price index (CPI)-based retail inflation was at 2.57 per cent in February this year. On yearly basis, it was 4.28 per cent in March 2018.
Retail inflation rose to four-month high of 2.57 per cent in February, mainly driven by higher food prices.
The decline was due to a fall in food prices and smaller increases in fuel costs.
The Consumer Food Price Index (CFPI) deflation reversed marginally to (-)2.51 per cent in December, from (-)2.61 per cent in the previous month.
Even on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in October 2018 was lower than in the corresponding period of last year, when retail inflation stood at 3.58 per cent.
In October 2017, CPI inflation was at 3.58 per cent and it has remained above RBI’s targeted rate of 4 per cent since then.
The factors that are likely to impact inflation number going forward include volatility in the global financial markets, oil prices, MSP pass-through and staggered impact of HRA increases by states.
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