-Livemint.com Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest in eight months New Delhi: India’s new macroeconomic numbers, the last before the Reserve Bank of India (RBI) meets for its 4 October review of monetary policy, pose a dilemma for its new governor Urjit Patel. Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest...

-The Hindu Business Line Good rain, increased acreage and hike in minimum support prices likely to cool prices The Modi government has been struggling over the last two years to contain the unprecedented rise in the prices of pulses, the second-most important food item after cereals. In the interim, prices of tur have more than doubled, and near-doubled in the case of urad and chana. WPI prices for pulses increased 35.76 per...

-The Indian Express Govt must learn from mistakes in onions and potatoes, agriculture should be spared of bearing the burden of its inflation targeting. Last week, Union Commerce Minister Nirmala Sitharaman announced a 5% subsidy on onion exports in the form of transferable duty credit scrips that can be used to pay customs, excise or service tax. On top of it, the Maharashtra government extended a Rs 100 per quintal grant to...

-The Indian Express Government has the opportunity to rein in food inflation on a sustainable basis. In his Independence Day speech, Prime Minister Narendra Modi counted his government’s achievements. Bringing down inflation from double digits to below six per cent was emphatically mentioned as one that brought relief to the aam aadmi. Without doubt, we witnessed moderation in the overall consumer price index (CPI) and wholesale price index (WPI) levels in the past...

-Livemint.com Considerable differences persist across states in terms of retail inflation, mostly on account of rural food price rise Mumbai: With consumer price inflation fast emerging as the focal point of monetary policymaking in India, perhaps it is time to delve into the not-so-insignificant differences in inflation across states. To begin with, inflation, both retail and wholesale, has risen in recent months. This has raised concerns about the scope of further interest...