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
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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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

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 | Retail inflation inches up to 7% in August led by food price rise    </title>
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The RBI has estimated a 7.1% inflation rate for the July to September quarter

India&rsquo;s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial..."/>
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     <meta property="og:description" content="-The Hindu

The RBI has estimated a 7.1% inflation rate for the July to September quarter

India&rsquo;s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial..." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The RBI has estimated a 7.1% inflation rate for the July to September quarter</em></p><p style="text-align:justify">India&rsquo;s retail inflation touched <a href="/upload/files/CPI%20Press%20Release%2012%20Aug%202022.pdf" title="/upload/files/CPI%20Press%20Release%2012%20Aug%202022.pdf">7% in August, up from 6.71% in July</a>, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month. &nbsp;</p><p style="text-align:justify">This is the eighth successive month that retail inflation has stayed above the central bank&rsquo;s upper tolerance threshold of 6% inflation for the economy, and constitutes a setback to households&rsquo; spending power among the poorer sections of the population.&nbsp;</p><p style="text-align:justify">The combination of buoyant inflation and a tripping industrial recovery would make the central bank&rsquo;s task trickier at the upcoming monetary policy review at the end of this month, where economists expect a fresh interest rate hike ranging from 35 to 50 basis points. One basis point equals 0.01%.</p><p style="text-align:justify">Rural inflation which was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%. Urban consumers&rsquo; inflation rate moved up from 6.49% in July to 6.72%.&nbsp;</p><p style="text-align:justify">Consumer non-durables&rsquo; production dropped 2% in July from a 2.96% uptick in June. Capital goods production recorded the highest growth among use-based categories at 5.8%, but contracted sequentially in July by 6.7% from June levels.&nbsp;</p><p style="text-align:justify"><em>Rural stress</em></p><p style="text-align:justify">The low industrial growth is likely a function of the base effect, as the Index of Industrial Production (IIP) had grown 11.5% in July 2021. Deloitte India economist Rumki Majumdar linked the contraction in non-durable goods to rural households being under stress, which has impacted demand.&nbsp;</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/retail-inflation-inches-up-to-7-in-august-led-by-food-price-rise/article65882703.ece?homepage=true" title="https://www.thehindu.com/business/Economy/retail-inflation-inches-up-to-7-in-august-led-by-food-price-rise/article65882703.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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The RBI has estimated a 7.1% inflation rate for the July to September quarter

India&rsquo;s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial..."/>
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The RBI has estimated a 7.1% inflation rate for the July to September quarter

India&rsquo;s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial..." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The RBI has estimated a 7.1% inflation rate for the July to September quarter</em></p><p style="text-align:justify">India&rsquo;s retail inflation touched <a href="/upload/files/CPI%20Press%20Release%2012%20Aug%202022.pdf" title="/upload/files/CPI%20Press%20Release%2012%20Aug%202022.pdf">7% in August, up from 6.71% in July</a>, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month. &nbsp;</p><p style="text-align:justify">This is the eighth successive month that retail inflation has stayed above the central bank&rsquo;s upper tolerance threshold of 6% inflation for the economy, and constitutes a setback to households&rsquo; spending power among the poorer sections of the population.&nbsp;</p><p style="text-align:justify">The combination of buoyant inflation and a tripping industrial recovery would make the central bank&rsquo;s task trickier at the upcoming monetary policy review at the end of this month, where economists expect a fresh interest rate hike ranging from 35 to 50 basis points. One basis point equals 0.01%.</p><p style="text-align:justify">Rural inflation which was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%. Urban consumers&rsquo; inflation rate moved up from 6.49% in July to 6.72%.&nbsp;</p><p style="text-align:justify">Consumer non-durables&rsquo; production dropped 2% in July from a 2.96% uptick in June. Capital goods production recorded the highest growth among use-based categories at 5.8%, but contracted sequentially in July by 6.7% from June levels.&nbsp;</p><p style="text-align:justify"><em>Rural stress</em></p><p style="text-align:justify">The low industrial growth is likely a function of the base effect, as the Index of Industrial Production (IIP) had grown 11.5% in July 2021. Deloitte India economist Rumki Majumdar linked the contraction in non-durable goods to rural households being under stress, which has impacted demand.&nbsp;</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/retail-inflation-inches-up-to-7-in-august-led-by-food-price-rise/article65882703.ece?homepage=true" title="https://www.thehindu.com/business/Economy/retail-inflation-inches-up-to-7-in-august-led-by-food-price-rise/article65882703.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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        LATEST NEWS UPDATES | Retail inflation inches up to 7% in August led by food price rise    </title>
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The RBI has estimated a 7.1% inflation rate for the July to September quarter

India&rsquo;s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial..."/>
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The RBI has estimated a 7.1% inflation rate for the July to September quarter

India&rsquo;s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial..." />
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    <h1 class="cat-box-title">Retail inflation inches up to 7% in August led by food price rise</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The RBI has estimated a 7.1% inflation rate for the July to September quarter</em></p><p style="text-align:justify">India&rsquo;s retail inflation touched <a href="/upload/files/CPI%20Press%20Release%2012%20Aug%202022.pdf" title="/upload/files/CPI%20Press%20Release%2012%20Aug%202022.pdf">7% in August, up from 6.71% in July</a>, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month. &nbsp;</p><p style="text-align:justify">This is the eighth successive month that retail inflation has stayed above the central bank&rsquo;s upper tolerance threshold of 6% inflation for the economy, and constitutes a setback to households&rsquo; spending power among the poorer sections of the population.&nbsp;</p><p style="text-align:justify">The combination of buoyant inflation and a tripping industrial recovery would make the central bank&rsquo;s task trickier at the upcoming monetary policy review at the end of this month, where economists expect a fresh interest rate hike ranging from 35 to 50 basis points. One basis point equals 0.01%.</p><p style="text-align:justify">Rural inflation which was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%. Urban consumers&rsquo; inflation rate moved up from 6.49% in July to 6.72%.&nbsp;</p><p style="text-align:justify">Consumer non-durables&rsquo; production dropped 2% in July from a 2.96% uptick in June. Capital goods production recorded the highest growth among use-based categories at 5.8%, but contracted sequentially in July by 6.7% from June levels.&nbsp;</p><p style="text-align:justify"><em>Rural stress</em></p><p style="text-align:justify">The low industrial growth is likely a function of the base effect, as the Index of Industrial Production (IIP) had grown 11.5% in July 2021. Deloitte India economist Rumki Majumdar linked the contraction in non-durable goods to rural households being under stress, which has impacted demand.&nbsp;</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/retail-inflation-inches-up-to-7-in-august-led-by-food-price-rise/article65882703.ece?homepage=true" title="https://www.thehindu.com/business/Economy/retail-inflation-inches-up-to-7-in-august-led-by-food-price-rise/article65882703.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/retail-inflation-inches-up-to-7-in-august-led-by-food-price-rise/article65882703.ece?homepage=true" class="re" target="_blank">The Hindu, 12 September, 2022, https://www.thehindu.com/business/Economy/retail-inflation-inches-up-to-7-in-august-led-by-food-price-rise/article65882703.ece?homepage=true</a><div class="clear"></div>
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Retail inflation inches up to 7% in August led by food price rise

Published on Sep 12, 2022   Modified on Sep 13, 2022

-The Hindu The RBI has estimated a 7.1% inflation rate for the July to September quarter India’s retail inflation touched 7% in August, up from 6.71% in July, fuelled by a 7.62% pick-up in food prices paid by consumers, even as industrial production growth in July had dropped to the lowest level since April at just 2.4%, with output levels dropping 2.75% month-on-month.   This is the eighth successive month that retail inflation has stayed above the central bank’s upper tolerance threshold of 6% inflation for the economy, and constitutes a setback to households’ spending power among the poorer sections of the population.  The combination of buoyant inflation and a tripping industrial recovery would make the central bank’s task trickier at the upcoming monetary policy review at the end of this month, where economists expect a fresh interest rate hike ranging from 35 to 50 basis points. One basis point equals 0.01%. Rural inflation which was at 6.8% in July, saw a sharper rise than urban inflation in August, rising to 7.15%. Urban consumers’ inflation rate moved up from 6.49% in July to 6.72%.  Consumer non-durables’ production dropped 2% in July from a 2.96% uptick in June. Capital goods production recorded the highest growth among use-based categories at 5.8%, but contracted sequentially in July by 6.7% from June levels.  Rural stress The low industrial growth is likely a function of the base effect, as the Index of Industrial Production (IIP) had grown 11.5% in July 2021. Deloitte India economist Rumki Majumdar linked the contraction in non-durable goods to rural households being under stress, which has impacted demand.  Please click here to read more.

The Hindu, 12 September, 2022, https://www.thehindu.com/business/Economy/retail-inflation-inches-up-to-7-in-august-led-by-food-price-rise/article65882703.ece?homepage=true

Tagged with: Consumer Price Index Rural CPI Rural Retail Inflation Food Price Inflation

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