-Moneycontrol.com The drop in wholesale inflation comes two days after statistics ministry data showed the more Consumer Price Index (CPI) inflation fell far more than expected to 5.88 percent in November India's wholesale inflation fell to a 21-month low of 5.85 percent in November, according to data released by the commerce ministry on December 14. At 5.85 percent, the latest Wholesale Price Index (WPI) inflation figure is a huge 470 basis points lower...
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RBI's Inflation Mandate Failure Report Cannot Be Made Public, Government Tells Parliament
-ANI/ NDTV.com The government told Parliament that the RBI had submitted its report on the inflation target failure, but it cannot be made public. New Delhi: The government on Monday told Parliament that the Reserve Bank of India (RBI) had submitted its report on the breach of the inflation target for three consecutive quarters, but it cannot be made public per the provisions of the RBI Act. Union Minister of State for Finance...
More »Retail inflation falls to 11-month low of 5.88 per cent in November
-PTI/The Telegraph In December 2021, the retail inflation stood at 5.66 per cent Retail inflation dipped below the RBI's upper tolerance level of 6 per cent for the first time in 11 months in November as softening prices of food items brought relief but the central bank may wait for more data before pausing hikes in interest rates. As per the data released by the National Statistical Office (NSO) on Monday, the consumer...
More »Stay watchful: On October inflation data
-The Hindu Policymakers can ill-afford to drop their guard in the fight against inflation October’s inflation data point to a welcome softening in price gains that should offer some succour to monetary policy authorities, who have been battling to rein in runaway inflation since the beginning of this year. Retail inflation, or price gains based on the Consumer Price Index, slowed to 6.77% last month, from September’s 7.41%, aided by an appreciable...
More »Agri Workers’ Tiny Wage Rise Wiped Out by Inflation -Subodh Varma
-Newsclick.in In the past five years, agri workers’ wage has increased by only about Rs.15 per year. For those leaders of the country who are tearing their hair trying to figure out how to get the economy moving, boost growth, increase investment and create jobs, it would be instructive to look at the plight of the largest economic class in the country – agricultural labourers. Numbering upward of 14 crore, they are...
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