Due to a rise in grain prices and a little lower base than the one for July, India’s retail inflation, as measured by the Consumer Price Index (CPI), crept up to 3.65% in August from 3.6% in July. Retail inflation decreased to 6.83% in August 2023 from 7.44% in July 2023. Due to a large…
Analysts believe that although food inflation may have peaked in November at 8.7%, it may moderate gradually in the upcoming months. Due to fluctuations in important commodities included in the Consumer Price Index (CPI) basket, food inflation has been above the 6% threshold for five consecutive months as of November. Due to an 87% increase…
Retail inflation in India, measured by the Consumer Price Index (CPI), likely reached a three-month high of 5.7% in November from 4.87% in October due to a spike in vegetable costs. Retail inflation stood at 5.88% in November 2022. On the other hand, the poll’s projections varied greatly, ranging from 5.30 to 6.92 percent. On…
According to a survey of 15 economists, India’s Consumer Price Index (CPI)-based inflation likely dropped to a five-month low of 4.8% in October from 5.02% in September, mostly because of the statistical effect of a high base and a reduction in the prices of important vegetables. Thanks to a positive base effect, core inflation is…
According to the International Monetary Fund (IMF) and its most recent Regional Economic Outlook (Asia and Pacific) report, India and China are expected to collectively provide over half of global growth in both 2023 and 2024. China’s GDP is expected to develop at a rate of 4.2% in 2024 and 5% in 2023, while India’s…
Based on statistics given by the Ministry of Commerce & Industry, India’s inflation for the month of September 2023 was (-)0.26% (Provisional) for the wholesale pricing index (WPI). In August 2022, the WPI inflation rate was (-)0.52%, while in September 2022, it was 10.55 percent. Since April, the WPI-based inflation rate has been negative for…
According to data provided by the National Statistical Office on Thursday, consumer price inflation in India, which is based on the Consumer Price Index (CPI), dropped to a three-month low of 5.02% in September after remaining above the 6% threshold for two consecutive months. The consecutive drop in the price of vegetables, especially tomatoes, and…
According to data issued on Tuesday by the Ministry of Statistics and Programme Implementation, retail inflation in India decreased by 61 basis points from the 15-month high of 7.44 percent in July to 6.83 percent in the month of August. Vegetable prices were mostly in charge of this, with some moderation in the cost of…
