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 government data issued on Monday, wholesale price inflation stayed negative for the second consecutive month in November, mostly as a result of lower costs for food items, mineral oils, natural gas and crude petroleum, basic metals, and electricity. Inflation based on the Wholesale Price Index decreased from 2.16% in November of last year…
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…
India’s wholesale price inflation decreased to 0.13% in September, down from 0.52% in August, as food prices continued to decline, according to data released by the government on Tuesday. The Wholesale Price Index (WPI) inflation in September of the previous year was recorded at 1.91%.Retail inflation dropped to its lowest level in eight years at…
According to figures published by the Ministry of Statistics and Program Implementation (MoSPI), retail inflation in India fell precipitously to 1.54% in September 2025, the lowest level since June 2017. Price pressures for consumers are lessened by the dip, which is indicative of a general drop in food prices across all categories. The September inflation…
The HSBC India Services Business Activity Index, or services PMI, increased to 58.7 from 58.5 in March, indicating a surge in growth momentum for India’s service providers in April. This showed that the production of the service sector had grown significantly and more robustly. A reading of 50 implies no change, a rating below 50…
