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Sunday, April 28, 2024
TopicInflation

Topic: inflation

Different baskets, weights, items measured — Why 2 inflation indices are saying different things

Retail inflation went up from 5.7% in December to 6.5% in January, largely driven by food prices, while India's Wholesale Price Index based inflation fell to 2-year low of 4.73% in January.

India’s wholesale inflation cools to 4.73% in January

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.

Soaring milk prices are hitting household budgets & relief is unlikely till Diwali

From being 1-2% below general rate between Nov 2017 and Feb 2020, inflation in milk & milk products has gone up to at least 2% more than general inflation in past 3 months.

Both growth & inflation trending down, analysts expect RBI to hike rates by 25 bps at most today

Overall CPI inflation has been below 6% for last two months & growth is expected to slow in second half of FY23. But high core inflation could still result in marginal rate hike.

With tightening wheat supplies globally, prices of atta soar Rs 7 in just a year

Experts believe prices are likely to go down as harvest season approaches & assert that government must release strategic reserve in open market to enhance supply. 

Modi govt may moderate divestment target for FY 2024, say analysts

Disinvestment receipts add to the state's non-tax revenue, & robust inflows from this category could help the government quickly narrow its budget gap.

Post-Covid, RBI’s interest rate hikes have had no consequence on growth of bank credit

Although RBI has been raising repo rate to contain rising inflation & lending, it hasn't discouraged borrowers. The growth in credit could partly be attributed to ‘pent up demand’.

Taming inflation is top priority for South Asian countries, says RBI Governor Shaktikanta Das

Speaking at an event organised by the International Monetary Fund (IMF), Das said policy challenges for the region have accentuated due to the Covid-19 pandemic & the war in Ukraine.

Taming inflation is top priority for South Asian countries, says RBI Governor Shaktikanta Das

Speaking at an event organised by the International Monetary Fund (IMF), Das said policy challenges for the region have accentuated due to the Covid-19 pandemic & the war in Ukraine.

India’s services sector growth hits 6-month high due to robust demand, says survey

The S&P Global India services purchasing managers’ index (PMI) rose to 58.5 in December from 56.4 in the previous month.

On Camera

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The Romans’ version of stoicism is rapidly picking popularity on Instagram — Marcus Aurelius, Epictetus, and Seneca are some names that get thrown at you when you fire up your screen.

Government allows export of onions to six countries, sets buffer stock target

The government had imposed an export prohibition in order to ensure adequate domestic availability of onions in the country.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

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.