For the next five years, concluding on March 31, 2031, the Center announced the inflation target on Wednesday, maintaining it at 4% with a tolerance range of two percentage points on either side. This target band has successfully anchored inflation expectations between 2016 and 2026, according to evaluations of the framework. The administration maintained the…
The CPI inflation rate in February was 3.21%, up from 2.75% in January. The headline retail inflation increased by 47 basis points year over year (YoY). With the base year changed from 2012 to 2024, the government’s new CPI series includes the February retail inflation data as its second reading. The Ministry of Statistics and…
According to data released on Monday by the Ministry of Commerce and Industry, India’s wholesale price inflation increased to a 10-month high of 1.81% year-over-year in January, up from 0.83% in December. The price increases were mostly caused by increases in non-food and food articles, textiles, basic metals, and other manufactured goods. From -1.0% in…
Headline CPI inflation increased to 1.3% year over year in December, up 62 basis points from 0.71% in November. But this month’s food inflation dropped to 2.7%, which is better than last November’s 3.9% decline. Comparing December 2025 to November 2025, this shows a 120 basis point increase in food inflation. Urban food inflation decreased…
In November, India’s headline CPI inflation was 0.71% (YoY), 46 basis points higher than in October, when it had fallen to 0.25%, the lowest figure in the current CPI series. According to government data, rising costs for vegetables, eggs, meat and fish, spices, fuel, and light are the primary causes of the increase in headline…
The Reserve Bank of India unveiled a liquidity-boosting package that comprises a three-year USD/INR buy-sell swap and Rs 1 lakh crore in government bond OMO purchases, along with a unanimous 25 basis point repo rate drop to 5.25 percent. Governor Sanjay Malhotra stated that the central bank is still dedicated to supplying enough long-term liquidity,…
Retail inflation figures for October have reached their lowest levels ever. The October print came in at 0.3% due to food inflation dropping to -3.7% from -1.4% YoY in September and GST reductions in apparel, transportation, and healthcare easing core inflation outside of commodities. Although this near-zero figure appears optimistic on the surface, what does…
Food inflation decreases to -5.02% in October, while CPI inflation falls to 0.25%. The government stated that CPI data shows the effects of the GST cut are evident in every sector. According to the government release, “the full month’s impact of the decline in GST, favorable base effect, and to drop in inflation of Oils…
Following a three-day meeting, the RBI Monetary Policy Committee (MPC) retained the 5.5% repo rate. It’s not the main news, though. The central bank has announced important steps to fortify the banking industry. The FY26 GDP forecasts have also been increased to 6.8%. Additionally, for FY26, the Reserve Bank of India forecasted CPI inflation at…
The consumer price index (CPI), which measures retail inflation in India, decreased from 3.61% in February to 3.34% in March, a five-year-seven-month low, as food costs significantly decreased. Analysts believe that this will allow the RBI to stimulate growth by reducing interest rates by at least 50 basis points in FY26. In the face of…
