Page 5 - India Inflation

How pulses and edible oil could exacerbate the pain on the inflation front

A mix of short- and long-term policies to contain price rise in these two commodities while keeping an eye on the interest of the cultivator could be the balm India is looking for

RBI lowers FY22 GDP forecast to 9.5%, CPI inflation projected at 5.1%

Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside. The rising trajectory of international commodity prices, especially of crude

RBI to go for dovish pause on Wednesday amid inflation, lockdowns: Analysts

RBI will go for a "dovish pause" at Wednesday's policy review announcement amid developments such as inflation rise and a likely impact on growth due to lockdowns on rising Covid cases, analysts said

Chris Wood trims India exposure as Covid cases rise

Earlier in December 2020, he raised exposure to Indian equities twice in this and reiterated his bullish on cyclical sectors as economic indicators showed improvement

Govt keeps inflation target at 2-6% for 5 years: DEA secretary Tarun Bajaj

Economists welcome decision, but argue for a higher upper limit

Govt favours retaining RBI's 2%-6% inflation band: Report

The govt is expected to make an announcement soon as the current inflation targeting program, introduced in 2016 and valid for 5 years, expires at the end of this month

India's inflation is at 'uncomfortably high' level, says Moody's Analytics

India's inflation is at "uncomfortably high" level, which is an exception among Asian economies, Moody's Analytics said on Tuesday. Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody's Analytics, a financial intelligence company. Retail inflation rose to 5 per cent in February, from 4.1 per cent in January. The Reserve Bank mainly takes into account retail inflation while deciding on the monetary policy. Core inflation (which excludes food, fuel and light) was up 5.6 per cent in February, from 5.3 per cent in January, Moody's Analytics said, adding India's inflation is "uncomfortably high". In its macro roundup, Moody's Analytics said inflation is subdued in most of Asia, and expected to only gradually pick up over 2021 because of rising oil prices and economies starting to reopen. Brent crude has climbed 26 per cent this year at around USD 64 per barrel. It was around USD 30 per barrel in March 2020, when

Unemployment, inflation, earnings of 'friends' increased under govt: Rahul

Congress leader Rahul Gandhi on Saturday attacked the government, alleging that under it unemployment, price rise, poverty and income of its "friends" have increased

India Inc braces for more price hikes as commodity inflation bites

Durables, automotive, realty sectors hit hard by rise in input costs

Sensex sheds 397 points today: Five key factors behind the fall

Weakness in index heavyweight Reliance Industries and banking and financial stocks was what dragged indices lower even as IT stocks, without much success, tried to cushion the fall

Fed interest rate decision, macro data to guide stock markets this week

Updates on COVID-19 situation and related news will also remain on participants' radars, says an analyst

India's retail inflation probably rose in Feb as fuel, food prices went up

The March 5-9 poll of over 50 economists showed retail inflation climbed to 4.83% in February from January's 4.06%

2-6% retail inflation band has been working well since 2016, say economists

However, some want core to be monitored as well, MPC should be given leeway to choose target

'Current yields will lead to mark-to-market losses for banks'

Rate hikes will be something which we can expect when the borrowing programme comes down and economic growth prospects are strong, Nagarjan said

HSBC ups India's FY22 GDP forecast to 11.2%, cuts inflation target to 4.7%

Besides India, HSBC has cut 2021 CPI inflation forecasts for Hong Kong, Indonesia, Japan, Singapore, Thailand, and Vietnam. In Korea and Malaysia, the upward revisions were marginal

India's inflation target band up for review: FM Nirmala Sitharaman

Govt seeks RBI's view on tweaks to CPI basket and if old weightings need to be changed

CPI inflation eases to 4.06% in Jan; industry output grows 1% in Dec

December CPI inflation was 4.59%; the factory output in the country had contracted 1.9% in November

Shift focus from consumer price-based inflation to core inflation: Survey

The economic survey forms a basis for the Union Budget

Eco survey suggests change in weighting of food items to gauge inflation

The survey said new sources of price data also need to be incorporated in the wake of increasing retail e-commerce transactions

Retail inflation for industrial workers eases to 3.67% in December

Retail inflation for industrial workers eased to 3.67 per cent in December 2020 against 9.63 per cent in the same month of last year due to lower prices of certain food items. Retail inflation measured in terms of all-India Consumer Price Index for Industrial Workers (CPI-IW) was 5.27 per cent in November 2020, a labour ministry statement said. Food inflation for industrial workers stood at 2.89 per cent against 7.48 per cent in the previous month and 12.22 per cent during the corresponding month a year ago. All-India CPI-IW for December decreased by 1.1 points and stood at 118.8. On one-month percentage change, it decreased by (-) 0.92 per cent between November and December, 2020 compared to (+) 0.61 per cent increase between corresponding months of the previous year. The maximum downward pressure in current index came from Food & Beverages group contributing (-) 1.53 percentage points to the total change. At centre level, Ramgarh recorded the maximum decrease of 6 points. Among