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
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 soars to 6.3%, a 6-month high     </title>
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Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils

Retail inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which..."/>
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Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils

Retail inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which..." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils</em></p><p style="text-align:justify">Retail inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which also played a part in pushing wholesale prices to a record 12.94% inflation in the month, as per data released on Monday.</p><p style="text-align:justify">Consumers experienced an inflation of 11.58% for the &lsquo;fuel and light&rsquo; category in May, with urban India bearing a bigger hit of 14.24% on the same account. Food inflation reheated to 5.1% from just 1.96% in April.</p><p style="text-align:justify">Overall retail prices, however, saw a sharper spurt in rural areas from 3.75% in April to 6.5% in May, while it was less pronounced in urban India at a little more than 6% from 4.7% in April, as per the National Statistical Office. At the wholesale level, fuel and power inflation nearly quadrupled to 37.6% from the 9.75% recorded in March this year, and is significantly higher than the 20.94% mark attained in April. Manufactured products&rsquo; inflation rose to 10.83% from 9% in April.</p><p style="text-align:justify">The &lsquo;high rate of inflation is primarily due to low base effect and rise in prices of crude petroleum, mineral oils, and manufactured products&rsquo;, an official statement on the Wholesale Price Index (WPI) said.</p><p style="text-align:justify">WPI had contracted 3.37% in May 2020.</p><p style="text-align:justify"><em>&lsquo;RBI will find it tricky&rsquo;</em></p><p style="text-align:justify">Economists said the hardening inflation numbers would make it trickier for the Reserve Bank of India to balance the need to spur growth while keeping a lid on price rise, but they don&rsquo;t expect a change from its &lsquo;accommodative&rsquo; stance any time soon.</p><p style="text-align:justify">The RBI had recently revised its inflation estimate for 2021-22 to 5.4%, while moderating growth hopes for 2021 to 9.5%.</p><p style="text-align:justify">&ldquo;Although it is still too early to believe that retail inflation will remain in excess of 6% on a sustained basis, given the high base of last year, we believe the rising wholesale inflation which is gradually finding a reflection in the retail inflation as well, is going to make things difficult for RBI,&rdquo; said Sunil Kumar Sinha, principal economist at India Ratings.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece" title="https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece" class="re" target="_blank">The Hindu, 14 June, 2021, https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece</a><div class="clear"></div>
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Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils

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Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils

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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils</em></p><p style="text-align:justify">Retail inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which also played a part in pushing wholesale prices to a record 12.94% inflation in the month, as per data released on Monday.</p><p style="text-align:justify">Consumers experienced an inflation of 11.58% for the &lsquo;fuel and light&rsquo; category in May, with urban India bearing a bigger hit of 14.24% on the same account. Food inflation reheated to 5.1% from just 1.96% in April.</p><p style="text-align:justify">Overall retail prices, however, saw a sharper spurt in rural areas from 3.75% in April to 6.5% in May, while it was less pronounced in urban India at a little more than 6% from 4.7% in April, as per the National Statistical Office. At the wholesale level, fuel and power inflation nearly quadrupled to 37.6% from the 9.75% recorded in March this year, and is significantly higher than the 20.94% mark attained in April. Manufactured products&rsquo; inflation rose to 10.83% from 9% in April.</p><p style="text-align:justify">The &lsquo;high rate of inflation is primarily due to low base effect and rise in prices of crude petroleum, mineral oils, and manufactured products&rsquo;, an official statement on the Wholesale Price Index (WPI) said.</p><p style="text-align:justify">WPI had contracted 3.37% in May 2020.</p><p style="text-align:justify"><em>&lsquo;RBI will find it tricky&rsquo;</em></p><p style="text-align:justify">Economists said the hardening inflation numbers would make it trickier for the Reserve Bank of India to balance the need to spur growth while keeping a lid on price rise, but they don&rsquo;t expect a change from its &lsquo;accommodative&rsquo; stance any time soon.</p><p style="text-align:justify">The RBI had recently revised its inflation estimate for 2021-22 to 5.4%, while moderating growth hopes for 2021 to 9.5%.</p><p style="text-align:justify">&ldquo;Although it is still too early to believe that retail inflation will remain in excess of 6% on a sustained basis, given the high base of last year, we believe the rising wholesale inflation which is gradually finding a reflection in the retail inflation as well, is going to make things difficult for RBI,&rdquo; said Sunil Kumar Sinha, principal economist at India Ratings.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece" title="https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece" class="re" target="_blank">The Hindu, 14 June, 2021, https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece</a><div class="clear"></div>
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Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils

Retail inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which..." />
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    <h1 class="cat-box-title">Retail inflation soars to 6.3%, a 6-month high </h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils</em></p><p style="text-align:justify">Retail inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which also played a part in pushing wholesale prices to a record 12.94% inflation in the month, as per data released on Monday.</p><p style="text-align:justify">Consumers experienced an inflation of 11.58% for the &lsquo;fuel and light&rsquo; category in May, with urban India bearing a bigger hit of 14.24% on the same account. Food inflation reheated to 5.1% from just 1.96% in April.</p><p style="text-align:justify">Overall retail prices, however, saw a sharper spurt in rural areas from 3.75% in April to 6.5% in May, while it was less pronounced in urban India at a little more than 6% from 4.7% in April, as per the National Statistical Office. At the wholesale level, fuel and power inflation nearly quadrupled to 37.6% from the 9.75% recorded in March this year, and is significantly higher than the 20.94% mark attained in April. Manufactured products&rsquo; inflation rose to 10.83% from 9% in April.</p><p style="text-align:justify">The &lsquo;high rate of inflation is primarily due to low base effect and rise in prices of crude petroleum, mineral oils, and manufactured products&rsquo;, an official statement on the Wholesale Price Index (WPI) said.</p><p style="text-align:justify">WPI had contracted 3.37% in May 2020.</p><p style="text-align:justify"><em>&lsquo;RBI will find it tricky&rsquo;</em></p><p style="text-align:justify">Economists said the hardening inflation numbers would make it trickier for the Reserve Bank of India to balance the need to spur growth while keeping a lid on price rise, but they don&rsquo;t expect a change from its &lsquo;accommodative&rsquo; stance any time soon.</p><p style="text-align:justify">The RBI had recently revised its inflation estimate for 2021-22 to 5.4%, while moderating growth hopes for 2021 to 9.5%.</p><p style="text-align:justify">&ldquo;Although it is still too early to believe that retail inflation will remain in excess of 6% on a sustained basis, given the high base of last year, we believe the rising wholesale inflation which is gradually finding a reflection in the retail inflation as well, is going to make things difficult for RBI,&rdquo; said Sunil Kumar Sinha, principal economist at India Ratings.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece" title="https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece">click here</a> to read more.</p><p style="text-align:justify">&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece" class="re" target="_blank">The Hindu, 14 June, 2021, https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece</a><div class="clear"></div>
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Home हिन्दी

Retail inflation soars to 6.3%, a 6-month high

Published on Jun 14, 2021   Modified on Jun 16, 2021

-The Hindu Rural areas see sharper spurt; WPI inflation races to record 12.94% spurred by rise in fuel, edible oils Retail inflation hit a six-month high of 6.3% in May, thanks to a persistent rise in fuel and edible oil prices, which also played a part in pushing wholesale prices to a record 12.94% inflation in the month, as per data released on Monday. Consumers experienced an inflation of 11.58% for the ‘fuel and light’ category in May, with urban India bearing a bigger hit of 14.24% on the same account. Food inflation reheated to 5.1% from just 1.96% in April. Overall retail prices, however, saw a sharper spurt in rural areas from 3.75% in April to 6.5% in May, while it was less pronounced in urban India at a little more than 6% from 4.7% in April, as per the National Statistical Office. At the wholesale level, fuel and power inflation nearly quadrupled to 37.6% from the 9.75% recorded in March this year, and is significantly higher than the 20.94% mark attained in April. Manufactured products’ inflation rose to 10.83% from 9% in April. The ‘high rate of inflation is primarily due to low base effect and rise in prices of crude petroleum, mineral oils, and manufactured products’, an official statement on the Wholesale Price Index (WPI) said. WPI had contracted 3.37% in May 2020. ‘RBI will find it tricky’ Economists said the hardening inflation numbers would make it trickier for the Reserve Bank of India to balance the need to spur growth while keeping a lid on price rise, but they don’t expect a change from its ‘accommodative’ stance any time soon. The RBI had recently revised its inflation estimate for 2021-22 to 5.4%, while moderating growth hopes for 2021 to 9.5%. “Although it is still too early to believe that retail inflation will remain in excess of 6% on a sustained basis, given the high base of last year, we believe the rising wholesale inflation which is gradually finding a reflection in the retail inflation as well, is going to make things difficult for RBI,” said Sunil Kumar Sinha, principal economist at India Ratings. Please click here to read more.

The Hindu, 14 June, 2021, https://www.thehindu.com/business/Economy/consumer-inflation-quickens-to-63/article34816205.ece

Tagged with: Retail Inflation Fuel Inflation Edible Oil Prices Consumer Price Index Wholesale Price Index WPI CPI inflation

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