India's retail inflation spikes to 5.55 pc in November: Govt data
Driven primarily by food prices, India's consumer price index (CPI)-based inflation inched up to 5.55% in November 2023 from 4.87% in the previous month.
RBI MPC keeps repo rate unchanged, raises FY24 growth forecast to 7%; Industry reacts
Mumbai: The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 percent for the fifth time in a row on Friday, thus maintaining the status quo.
India's wholesale inflation remains in negative zone in October
Remaining in the negative zone, India's wholesale inflation dropped to - 0.52% in October 2023, as against - 0.26% in the previous month.
Mumbai: The stock market continued to witness heavy selling on October 25 as the geopolitical crisis in the Middle East showed no signs of easing, a spike in bond yields in the US, and lower than anticipated second-quarter earnings of big business enterprises, Moneycontrol reported.
India's retail inflation drops to 5 pc in Sept, below RBI's upper band
New Delhi: India's retail inflation measured by consumer price index (CPI) eased to 5.02% year-on-year in September 2023 from 6.83% in the previous month on the back of softening food prices, showed the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday.
RBI's Monetary Policy Committee likely to keep repo rate steady at 6.50%: Report
Mumbai: Experts are anticipating that the Monetary Policy Committee (MPC) will keep the repo rate steady at 6.50 percent and sustain a stance of 'Withdrawal of Accommodation' in the forthcoming October monetary policy.
US economy: Consumer spending grows in Aug, underlying inflation eases
Washington: Consumer spending in the U.S. rose in August, although the core inflation rate, excluding food and energy, showed a decrease, falling below 4.0% compared to the previous year, Reuters reported.
India: Retail inflation eases to 6.83 pc in Aug
India's retail inflation measured by consumer price index (CPI) eased to 6.83% in August 2023 from 7.44% in the previous month, according to data released by Ministry of Statistics & Programme Implementation (MoSPI) on Tuesday.
Retail inflation jumps to 7.44 pc in July; crosses RBI's upper tolerance band
New Delhi: India's retail inflation measured by the consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices.
India: Wholesale inflation remains in negative zone
New Delhi: India's wholesale inflation continued to be in the negative zone but increased to (-) 1.36% in July 2023 from (-) 4.12% in June, data released by Ministry of Commerce and Industry showed on Monday.
Lower Kharif sowing due to erratic rainfall likely to push inflation up in near term: Report
New Delhi: Lower rainfall in the eastern and northeastern region has resulted in much lower Kharif sowing this year which is expected to translate into higher inflation in the near term, according to an economic report by Bank of Baroda.
After tomatoes, skyrocketing chilli and ginger prices drain consumers' pockets
New Delhi: A cause of heatwaves, heavy rainfall, and disruptions in the supply chain has led to soaring prices of various vegetables across the country, media reports said.
Mumbai: Inflation is impacting personal consumption expenditure and reducing consumer spending, according to the Reserve Bank of India (RBI)'s bulletin for June.
WPI maintains the declining trend; falls to -3.48% in May 2023
New Delhi: The provisional Wholesale Price Index (WPI) for May 2023 shows an annual inflation rate of (-) 3.48% compared to (-) 0.92% in April 2023, data released by the Commerce and Industry Ministry showed on Wednesday.
India's CPI inflation eases to 4.25 pct in May, lowest figure in 25 months
India's retail inflation in May stood at a 25-month low point of 4.25 per cent, as per data released by the Indian government on Monday.