Local lockdowns, taxes on fuels, services, hardening commodity prices may drive up inflation: Economists
Divergence seen narrowing in June as lockdown restrictions are eased
Food inflation in WPI rose to 2.04 per cent in June from 1.13 per cent due to disruptions caused by rains
Manufactured products, however, witnessed inflation of 0.08 per cent in June. In May deflation was 0.42 per cent
The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months.
The government for the second month in a row released the truncated data on retail inflation in the backdrop of the lockdown following Covid-19 pandemic
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It's one of those rare periods where deflation is also possible. The RBI may have to adjust money supply in either direction
But it did revise the CPI inflation for March to 5.84 per cent from 5.91 per cent
Prices are likely to rise again in April, according to analysts, with the actual impact of the Covid-19 and the resultant lockdown yet to be fully seen.
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The data released last week also showed that the consumer price index- (CPI-) based inflation rate declined to 6.58 per cent from 68-month high of 7.59 per cent over this period
The weight for food and beverages components will decline from 46% to 39% in the new series
The retail inflation that for several months remained in the comfort zone of the central bank has started inching up and crossed the 7 per cent mark during December 2019
However, your soft drinks and juices will remain immune to the hike, despite the recent surge in sugar prices. Thanks to Coca-Cola and PepsiCo.
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India Ratings and Research on Thursday said that the country will have to increase its labour productivity growth to 6.3 per cent to attain 8 per cent economic growth
The median forecast in the Jan. 3-8 Reuters poll of nearly 50 economists predicted India's annual consumer inflation rose to 6.20 per cent in December from November's 5.54 per cent