-The Telegraph There has been a pick-up in the prices of vegetables, fruits, eggs, meat and fish and cereals mostly because of erratic rains Wholesale price index-based (WPI) inflation eased to a 11-month low of 12.41 per cent in August on softening in the prices of manufactured and fuel products even as food items remained expensive. Although WPI inflation declined for three consecutive months in August, it remained in double digits for...
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Retail inflation inches up to 7% in August led by food price rise
-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...
More »Jobs, growth key priorities, not inflation, says Nirmala Sitharaman -Vikas Dhoot
-The Hindu Job creation, equitable distribution of wealth, growth are key priorities, says Union Finance Minister Inflation is not a ‘red-lettered’ priority now for the government given that it has been brought down to a ‘manageable level’ over the past two months and job creation and equitable distribution of wealth were instead the key priorities as of now, Finance Minister Nirmala Sitharaman said on Wednesday. “I am not sure I can have the...
More »After wheat, retail price of rice rises 6.31% on supply concerns: Govt data
-PTI/ Business Standard The All India average retail price of wheat has risen by over 22 per cent to Rs 31.04 per kg as of August 22 compared to Rs 25.41 per kg in the year-ago period, Consumer Affairs Ministry's data showed After wheat, rice prices are firming up on reports of supply concerns with the all India average retail price of the grain ruling higher by 6.31 per cent at Rs...
More »Retail inflation softens to 6.71% in July, lowest since March; here's what economists say
-BusinessToday.in The July retail inflation level is in consonance with the projection and expectations of economists. India’s retail inflation moderated to 6.71 per cent in the month of July, the retail inflation is July has come down from 7.01 per cent in the month of June. Even Reuters poll of 48 economists showed inflation, as measured by the consumer price index, likely to fall to an annual 6.78 per cent in July,...
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