Till now we are calculating only goods inflation; we have to calculate services inflation as well
Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further
A key nationalist ally of Modi's ruling Bharatiya Janata Party has called the proposal a 'dangerous idea', which could lead India into a debt trap
Retail inflation during the first month of the current fiscal stood at 2.9 per cent, down from 4.6 per cent a year ago
This is reflected in the consumer price inflation (CPI) rate in the sector, which touched double digits
We need to decide what sort of macroeconomic framework we want going forward, said Rathin Roy
The current account deficit is on the rise, but manageable
The big question doing the rounds is: Will headline move towards core or will core move towards headline?
Inflation has more than halved under Modi's regime, averaging 4.8 per cent since 2014. In contrast, consumer-price growth averaged more than 10 per cent during 2009-2013
While core inflation touched 5.36 per cent in January, the headline retail inflation rate dipped to 2.05 per cent
The November data will not only mark inflation below the RBI's medium-term target of 4% for a fourth straight month but also be the first time since July 2017 it was below 3%
Govt may have to shell out more to compensate farmers for low market prices of some crops under a plan announced this year with a view to double farm incomes by 2022
If those forecasts come true, it would give the RBI a breather after it raised rates in its previous two meetings
Inflation moved closer to RBI's target of bringing it down to four per cent, raising hopes that MPC may not hike the policy rate for 3rd consecutive time in October
As for year-on-year comparison, retail inflation had increased by 2.36 per cent in July last year
According to DBS, good rains will support agricultural growth but a material respite to inflation will hinge on factors like oil prices, the value of rupee against the US dollar and fiscal dynamics
In six out of 11 countries in the region, including China and South Korea, the exchange rate has a strong bearing on inflation
If the consensus matches the actual release, it would be the smallest annual increase in retail prices since October
The 4.4% retail inflation forecast for the second half of the year could well run into trouble
Seasonal disturbances and one-off factors that drove inflation upward in 2H 2017 are now reversing