The Food and Agriculture Organization's price index averaged 126.9 points last month against 129.7 for February. It was the lowest reading since July 2021.
Fuel and power inflation in January was 15.15%, down from 18.09% in December, while inflation on manufactured products rose 2.99% from 3.37% last month.
'We have to keep an eye on oil prices, but don't expect any big spike in food prices' said CEO of Esquire Capital Investment Advisors."Maybe the worst of inflation is over," he added.
RBI's projections in the Monetary Policy Report are based on its economic model but extreme weather conditions have made food price volatility hard to predict, said economists.
Inflation rates in rural India were higher than in urban areas for first 7 months of the year, govt data shows. A major reason lies in the way inflation is calculated for the 2 regions.
On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.
Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.
New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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