According to data released by the Ministry of Commerce and Industry on Friday, the main causes of India’s January 2025 wholesale price index (WPI)-based inflation decline were price increases for the production of food products, food articles, other manufacturing, non-food items, textiles, etc. Compared to the WPI rate of 2.37 percent from the previous month,…
The Consumer Price Index (CPI)-based retail inflation rate in India for January was 4.31%, a sharp decline from 5.22% in December, according to figures issued on Monday by the Ministry of Statistics & Programme Implementation. After August 2024, this is the lowest year-over-year inflation rate, down 91 basis points from December 2024. In October, CPI…
In the next three to four months, scientists predict that favorable weather, above-normal monsoon rainfall, and improved rabi sowing will significantly reduce food inflation from its current levels. They assert that the prices of grains and edible oils continue to be a cause for concern and represent a short-term upside risk to the inflation trajectory….
According to data released by the Ministry of Commerce and Industry on Tuesday, the major causes of India’s wholesale price index (WPI)-based inflation, which increased from 1.89 percent in November 2024 to 2.37 percent in December, were price increases for food items, food product manufacturing, other manufacturing, textile manufacturing, and non-food items. While WPI inflation…
Gold prices rose 0.71% to ₹78,710 on better-than-expected US inflation data, which raised the prospect of a less restrictive monetary policy from the Federal Reserve. This led to a surprise decline in annual core consumer inflation, and the Fed’s earlier rate cuts in July than in September raised market expectations. Global demand for gold remained…
According to data issued by the commerce ministry on Monday, the November wholesale pricing index (WPI)-based inflation rate in India decreased to 1.89 percent, mostly as a result of rising prices for textiles, machinery & equipment, food items, and other manufacturing. In October of this year, WPI inflation was 2.36%, up from 0.39 percent in…
As food prices cooled off, India’s retail inflation rate dropped to 5.5 percent in November from a 14-month high of 6.2 percent the month before. Compared to 10.9 percent in October, food inflation decreased to 9 percent for the month.For the third consecutive month, consumer prices have stayed over 5%. At its December meeting, the…
As worries about the nation’s economic future grew and other Asian currencies began to fall, the Indian rupee fell to a record low against the US dollar on Wednesday. By the end of trading, the rupee made a slight rebound, closing at 84.83 after plunging to its lowest point ever, 84.8650. The Chinese yuan pushed…
The median of 17 estimates indicates that retail inflation, measured by the Consumer Price Index (CPI), probably dropped to 5.6% in November from a 14-month high of 6.21% in October. The primary cause of the dramatic drop in headline print was the cooling costs of food, particularly vegetables. The CPI inflation rate in November 2023…
Gold prices rose on Monday after a small decline the previous week, although the recovery was hampered by expectations of gradual interest rate cuts in the United States. An ounce rose 0.4% to $2,571.11, following a two-month decline the previous week. On Friday, gold saw its biggest weekly drop in nearly three years. At $2,575.70,…
