Retail Inflation

Economists expect 40-50 bps hike in repo rate by MPC next month

The consequences of such confused messaging were felt in the lack of bidders for BPCL, forcing Delhi to abandon efforts to privatise the refiner

The recent EV scooter fires were caused by defects in their batteries, including in the designs of the battery packs and modules, a DRDO report said. Read more in our top headlines.

In April, the wholesale food price index rose 8.9 per cent, while the consumer food price index rose 8.4 per cent

If India's wheat ban leads to higher price of substitutes like rice, then there could be upward pressure on other food prices

Companies have moved toward lighter loads in their cheapest packages amid rising costs of edible oils, grains and fuel

Factory output shows poor growth at 1.9% in March

The jump in CPI inflation has been long anticipated following the Central govt's decision to wait until after key state elections in March to hike fuel prices

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CLOSING BELL :: The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels

For the RBI, a correct reading of its mandate would have been that the inflation target is 4%, not 6%. And action to raise interest rates should have begun last year, writes T N Ninan

Consumer price index (CPI)-based inflation rate rose to 6.95 per cent in March 2022 from 6.07 per cent in the previous month

Retail inflation for industrial workers rose to 5.35 per cent in March from 5.04 per cent in February this year, mainly due to higher prices of certain food items. "Year-on-year inflation for the month stood at 5.35 per cent compared to 5.04 per cent for the previous month (February 2022) and 5.64 per cent during the corresponding month (March 2021) a year before," a labour ministry statement said. Similarly, it stated that food inflation stood at 6.27 per cent against 5.09 per cent of the previous month and 5.36 per cent during the corresponding month a year ago. The All-India CPI-IW (consumer price index-industrial workers) for March 2022, increased by 1.0 point to 126 points. It was 125 points in February 2022. On one-month percentage change, it increased by 0.80 per cent in the previous month compared to an increase of 0.50 per cent recorded between corresponding months a year ago. The maximum upward pressure in the current index came from Food and Beverages group contributing

Retail inflation has overshot the 6% upper tolerance limit for three years on the trot; experts say protracted Ukraine war and other factors may keep prices up

Retail inflation for farm and rural labourers increased to 6.09 per cent and 6.33 per cent, respectively, mainly due to higher prices of certain food items and clothing. "Point to point rate of inflation based on the CPI-AL (consumer price index-agricultural labourers) and CPI-RL (consumer price index rural labourers) stood at 6.09 per cent and 6.33 per cent in March 2022, compared to 5.59 per cent & 5.94 per cent, respectively, in February 2022, and 2.78 per cent and 2.96 per cent, respectively, during the corresponding month (March 2021) of the previous year," a labour bureau statement said. Similarly, it stated that the food inflation stood at 4.91 per cent and 4.88 per cent in March 2022, compared to 4.48 per cent and 4.45 per cent, respectively, in February 2022, and 1.66 per cent and 1.86 per cent during the corresponding month of the previous year (March 2021). The All-India Consumer Price Index Number for agricultural and rural labourers for March 2022 increased by 3 ...

CPI inflation was more pronounced in rural areas from January in FY22

Price rise in fuels will only reflect in April numbers

Nearly 7% retail inflation in March may spur policy tightening

Food and oil prices push inflation to 17-month high

This is owing to elevated oil and commodity prices