Wednesday, 18 May, 2022
TopicRetail inflation

Topic: retail inflation

India’s retail inflation jumps to 7.79% in April, an 8-year high

The consumer price index inflation figure stood at 6.95 per cent last month, the highest since September 2014.

WPI inflation surges to 14.23% in November as crude petroleum, metal prices rise

WPI inflation has remained in double digits for 8 consecutive months beginning April while retail inflation based on consumer price index rose to 4.91% as food prices went up.

India’s retail inflation declines to 4.35% in September from 5.3% in August

According to government data, inflation in the food basket eased to 0.68% in September 2021, significantly lower than 3.11% in August.

India’s retail inflation falls to 5.3% in August as food prices go down

As per the data released by the National Statistical Office (NSO), inflation in the food basket was 3.11% in August compared to 3.96% in the preceding month.

India’s retail inflation eases to 5.59% in July as food prices go down

According to the data released by the National Statistical Office, inflation in the food basket slowed down to 3.96% in July from 5.15% in the previous month

Forget petrol & diesel, prices of edible oils have soared even higher in June, July

Edible oils have seen a sharp rise in prices in last 6 months despite govt efforts to cool off rates by reducing high tax levies. June fuel inflation was 12.68%, while edible oil inflation was at 34.78%.

India’s industrial output grows 29.3% in May

Industrial production took a hit due to the prevailing pandemic since March last year when it had contracted 18.7%.

India’s retail inflation remains at 6.26% in June compared to 6.3% in May

The Centre has asked the RBI to keep retail inflation at 4% with a margin of 2% on either side. The Consumer Price Index remained above the RBI's comfort level for the 2nd month in a row.

Indian budgets feel the pinch as world prices of edible oils, meat-fish touch record highs

Rise in maize and soybean prices internationally is making chicken, fish, and eggs expensive in India, which uses products derived from these grains as feed.

India’s retail inflation spikes to 6.3% in May from 4.23% in April

Centre has asked the RBI to keep the retail inflation at 4% with a margin of 2% on either side. The central bank had left the key interest rate unchanged earlier this month.

On Camera

YourTurn

Chinese President Xi Jinping | Representational image| kremlin.ru

Chinese economy is feeling the heat. Blame Xi’s political Lysenkoism, vaccination policy

Smarting from the failures of his Great Leap Forward campaign, which hit the economy hard, Mao launched the 1962 war with India to rally the nation behind him.
Congress supporters staged a protest against inflation in Ranchi on 10 May | ANI

As inflation breaks records, Modi govt plans to counter criticism ahead of anniversary & polls

While retail inflation hit an 8-year high of 7.8% in April, wholesale inflation surged to a 9-year high of 15.08% on the back of elevated food and energy prices in the same month.

Defence

Satellite image of the development on the site | Twitter | @detresfa_

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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