July 13, 2025 12:38 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Canada is not your playground': Khalistani terrorist Gurpatwant Singh Pannun's threat to Kapil Sharma | 'Don't jump into conclusions, wait for final report of Air India crash probe': Civil Aviation Minister | IIM Calcutta student alleges rape at boys' hostel amid uproar over Kasba incident | Preliminary investigation report shows both engines of crashed Air India flight shut down seconds after take-off | Pardon by Yemeni national's family is only hope for Indian nurse Nimisha Priya: Activist | S Jaishankar likely to visit China this weekend for the first time in 5 years: Report | 'Show me one photo of Indian damage': Ajit Doval slams foreign media over Op Sindoor reportage | Tennis player Radhika Yadav was shot four times by her father: Autopsy report | Pakistani actress Humaira Asghar, whose decomposed body was recovered from Karachi flat, died 9 months ago: Report | Radhika Yadav's death: Father spent 2.5 crore on tennis
Telcom Tariff Hike
Representational image by Jakub Zerdzicki on Pexels

Tariff hikes by telcom companies likely to fuel FY25 inflation by 10-15 bps: Report

| @indiablooms | Aug 20, 2024, at 09:09 pm

New Delhi/IBNS: The recent 10-27 percent tariff hike announced by telecom companies is paving the way for a 10-15-basis-point rise in inflation from earlier estimates, Moneycontrol reported on Tuesday (August 20) citing experts.

“The impact will be sharp and will pose an upward bias to core inflation. And as they (telecom tariffs) do not come down, the impact will be seen for a full one-year cycle,” Madan Sabnavis, chief economist at Bank of Baroda (BOB), was quoted as saying by Moneycontrol.

Telecom charges for mobile phones surged 8.9 percent in July compared with a 1 percent hike in the previous month.

The category has a 1.84 percent weight in the inflation basket, according to Moneycontrol report.

India's inflation hit a 59-month low of 3.5 percent in July 2024, compared with 5.1 percent in the previous month, given a favourable base effect from the previous year, reports Moneycontrol, adding that inflation was a high 7.44 percent in July last year.

As per Moneycontrol calculations, while prices across categories remained depressed, core inflation, which considers prices of goods and services without food and fuel, had increased to 3.4 percent from 3.1 percent a month back.

This marks the first rise in core inflation in 14 months, as reported by Moneycontrol.

Data also shows that besides telecom tariffs, internet expenses too have increased.

Internet expenses, which have a negligible 0.08 percent share in the consumer basket, shot up 2.6 percent in July from 0.9 percent in June.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm