Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Inflation remains above 6% for second month    </title>
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Growth impulses remained fragile, manufacturing output tanked 9.5%

After touching a six-month high in May, India&rsquo;s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank&rsquo;s comfort zone for a second month in a..."/>
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Growth impulses remained fragile, manufacturing output tanked 9.5%

After touching a six-month high in May, India&rsquo;s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank&rsquo;s comfort zone for a second month in a..." />
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                            <p style="text-align:justify">-The Hindu&nbsp;</p><p style="text-align:justify"><em>Growth impulses remained fragile, manufacturing output tanked 9.5%</em></p><p style="text-align:justify">After touching a six-month high in May, India&rsquo;s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank&rsquo;s comfort zone for a second month in a row.</p><p style="text-align:justify">Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate a faster unwinding of RBI&rsquo;s growth-supporting approach to interest rates.</p><p style="text-align:justify">Growth impulses remained fragile with the second COVID-19 wave hurting the recovery momentum, according quick estimates of industrial output for May, with output levels 8% lower than April.</p><p style="text-align:justify">Manufacturing output tanked 9.5% month-on-month, electricity production fell nearly 7%, although mining moved up marginally by 0.6% in May.</p><p style="text-align:justify">Headline factory output increased 29.3% over an incomparable May 2020, when industrial production had collapsed over 33% in the midst of a national lockdown. However, this was 13.9% below the pre-pandemic levels of May 2019.</p><p style="text-align:justify">&ldquo;Consumer durables and capital goods stood out as the worst affected sectors in May, trailing the pre-COVID levels by 41.2% and 36.9%, respectively,&rdquo; noted Aditi Nayar, chief economist at rating agency ICRA.</p><p style="text-align:justify">With petroleum product prices continuing to soar, fuel and light inflation hit 12.7% in June from 11.9% in May. Food inflation, which had flared up from just 2% in April to 5% in May, rose further, led by a 34.8% inflation rate for oils and fats and 19.4% for eggs.</p><p style="text-align:justify">Persistently sticky retail prices for fuel and food translated into little respite for citizens, as inflation measured by the Consumer Price Index (CPI) declined by just four basis points from May&rsquo;s 6.30% print, as per the National Statistical Office. One basis point equals 0.01%.</p><p style="text-align:justify">DBS Group Research economist Radhika Rao said Monetary Policy Committee members may retain a growth focus but are likely to express discomfort on the recent bout of sticky inflation, in the absence of corrective fiscal steps like excise duty cuts on fuel.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece" title="https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece" class="re" target="_blank">The Hindu,  12 July, 2021, https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece</a><div class="clear"></div>
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Growth impulses remained fragile, manufacturing output tanked 9.5%

After touching a six-month high in May, India&rsquo;s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank&rsquo;s comfort zone for a second month in a..."/>
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Growth impulses remained fragile, manufacturing output tanked 9.5%

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                            <p style="text-align:justify">-The Hindu&nbsp;</p><p style="text-align:justify"><em>Growth impulses remained fragile, manufacturing output tanked 9.5%</em></p><p style="text-align:justify">After touching a six-month high in May, India&rsquo;s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank&rsquo;s comfort zone for a second month in a row.</p><p style="text-align:justify">Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate a faster unwinding of RBI&rsquo;s growth-supporting approach to interest rates.</p><p style="text-align:justify">Growth impulses remained fragile with the second COVID-19 wave hurting the recovery momentum, according quick estimates of industrial output for May, with output levels 8% lower than April.</p><p style="text-align:justify">Manufacturing output tanked 9.5% month-on-month, electricity production fell nearly 7%, although mining moved up marginally by 0.6% in May.</p><p style="text-align:justify">Headline factory output increased 29.3% over an incomparable May 2020, when industrial production had collapsed over 33% in the midst of a national lockdown. However, this was 13.9% below the pre-pandemic levels of May 2019.</p><p style="text-align:justify">&ldquo;Consumer durables and capital goods stood out as the worst affected sectors in May, trailing the pre-COVID levels by 41.2% and 36.9%, respectively,&rdquo; noted Aditi Nayar, chief economist at rating agency ICRA.</p><p style="text-align:justify">With petroleum product prices continuing to soar, fuel and light inflation hit 12.7% in June from 11.9% in May. Food inflation, which had flared up from just 2% in April to 5% in May, rose further, led by a 34.8% inflation rate for oils and fats and 19.4% for eggs.</p><p style="text-align:justify">Persistently sticky retail prices for fuel and food translated into little respite for citizens, as inflation measured by the Consumer Price Index (CPI) declined by just four basis points from May&rsquo;s 6.30% print, as per the National Statistical Office. One basis point equals 0.01%.</p><p style="text-align:justify">DBS Group Research economist Radhika Rao said Monetary Policy Committee members may retain a growth focus but are likely to express discomfort on the recent bout of sticky inflation, in the absence of corrective fiscal steps like excise duty cuts on fuel.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece" title="https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece" class="re" target="_blank">The Hindu,  12 July, 2021, https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece</a><div class="clear"></div>
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     <meta property="og:description" content="-The Hindu&nbsp;

Growth impulses remained fragile, manufacturing output tanked 9.5%

After touching a six-month high in May, India&rsquo;s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank&rsquo;s comfort zone for a second month in a..." />
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    <h1 class="cat-box-title">Inflation remains above 6% for second month</h1>
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                            <p style="text-align:justify">-The Hindu&nbsp;</p><p style="text-align:justify"><em>Growth impulses remained fragile, manufacturing output tanked 9.5%</em></p><p style="text-align:justify">After touching a six-month high in May, India&rsquo;s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank&rsquo;s comfort zone for a second month in a row.</p><p style="text-align:justify">Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate a faster unwinding of RBI&rsquo;s growth-supporting approach to interest rates.</p><p style="text-align:justify">Growth impulses remained fragile with the second COVID-19 wave hurting the recovery momentum, according quick estimates of industrial output for May, with output levels 8% lower than April.</p><p style="text-align:justify">Manufacturing output tanked 9.5% month-on-month, electricity production fell nearly 7%, although mining moved up marginally by 0.6% in May.</p><p style="text-align:justify">Headline factory output increased 29.3% over an incomparable May 2020, when industrial production had collapsed over 33% in the midst of a national lockdown. However, this was 13.9% below the pre-pandemic levels of May 2019.</p><p style="text-align:justify">&ldquo;Consumer durables and capital goods stood out as the worst affected sectors in May, trailing the pre-COVID levels by 41.2% and 36.9%, respectively,&rdquo; noted Aditi Nayar, chief economist at rating agency ICRA.</p><p style="text-align:justify">With petroleum product prices continuing to soar, fuel and light inflation hit 12.7% in June from 11.9% in May. Food inflation, which had flared up from just 2% in April to 5% in May, rose further, led by a 34.8% inflation rate for oils and fats and 19.4% for eggs.</p><p style="text-align:justify">Persistently sticky retail prices for fuel and food translated into little respite for citizens, as inflation measured by the Consumer Price Index (CPI) declined by just four basis points from May&rsquo;s 6.30% print, as per the National Statistical Office. One basis point equals 0.01%.</p><p style="text-align:justify">DBS Group Research economist Radhika Rao said Monetary Policy Committee members may retain a growth focus but are likely to express discomfort on the recent bout of sticky inflation, in the absence of corrective fiscal steps like excise duty cuts on fuel.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece" title="https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece" class="re" target="_blank">The Hindu,  12 July, 2021, https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece</a><div class="clear"></div>
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Home हिन्दी

Inflation remains above 6% for second month

Published on Jul 12, 2021   Modified on Jul 16, 2021

-The Hindu  Growth impulses remained fragile, manufacturing output tanked 9.5% After touching a six-month high in May, India’s retail inflation was virtually unchanged in June at about 6.3%, remaining out of the central bank’s comfort zone for a second month in a row. Economists expect the Reserve Bank of India (RBI) to revisit its inflation estimate of 5.1% for 2021-22 and stressed that lack of fiscal policy action to cool prices could precipitate a faster unwinding of RBI’s growth-supporting approach to interest rates. Growth impulses remained fragile with the second COVID-19 wave hurting the recovery momentum, according quick estimates of industrial output for May, with output levels 8% lower than April. Manufacturing output tanked 9.5% month-on-month, electricity production fell nearly 7%, although mining moved up marginally by 0.6% in May. Headline factory output increased 29.3% over an incomparable May 2020, when industrial production had collapsed over 33% in the midst of a national lockdown. However, this was 13.9% below the pre-pandemic levels of May 2019. “Consumer durables and capital goods stood out as the worst affected sectors in May, trailing the pre-COVID levels by 41.2% and 36.9%, respectively,” noted Aditi Nayar, chief economist at rating agency ICRA. With petroleum product prices continuing to soar, fuel and light inflation hit 12.7% in June from 11.9% in May. Food inflation, which had flared up from just 2% in April to 5% in May, rose further, led by a 34.8% inflation rate for oils and fats and 19.4% for eggs. Persistently sticky retail prices for fuel and food translated into little respite for citizens, as inflation measured by the Consumer Price Index (CPI) declined by just four basis points from May’s 6.30% print, as per the National Statistical Office. One basis point equals 0.01%. DBS Group Research economist Radhika Rao said Monetary Policy Committee members may retain a growth focus but are likely to express discomfort on the recent bout of sticky inflation, in the absence of corrective fiscal steps like excise duty cuts on fuel. Please click here to read more.

The Hindu, 12 July, 2021, https://www.thehindu.com/business/Economy/inflation-remains-above-6-for-second-month/article35285771.ece

Tagged with: Retail inflation Consumer Price Index Retail prices Petroleum products Fuel prices Food inflation Food prices Oils and fats Eggs National Statistical Office

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