There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
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Wholesale Price Inflation Eases To 13.93% In July
-PTI/ NDTV The Wholesale Price Index-based inflation was 15.18 per cent last month and at a record high of 15.88 per cent in May. New Delhi: The wholesale price-based inflation eased to 13.93 per cent in July on easing prices of food articles and manufactured products. The Wholesale Price Index-based inflation was 15.18 per cent last month and at a record high of 15.88 per cent in May. It was 11.57 per cent in...
More »Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Price pinch: Editorial on the impact of inflation
-The Telegraph The Reserve Bank of India’s usual strategy of raising interest rates to hold inflation at bay kicked in a bit late and has not been working well so far In India, price inflation has been creeping up in the recent past. The latest data for June 2022 show consumer price index inflation to be 7.01% and Wholesale Price Index inflation to be 15.18%. Food prices, which are an important component...
More »Wholesale price inflation eases to 15.18% in June but stays in double digits, 15 months on
-Moneycontrol.com Food inflation rose to 12.41 percent in June from 10.89 percent, with the food index rising 1.3 percent month-on-month India's inflation based on the Wholesale Price Index (WPI) declined to 15.18 percent in June, according to data released by the commerce ministry on July 14. The WPI inflation was 15.88 percent in May, the highest in at least three decades. In June 2021, it stood at 12.07 percent. Another month of double-digit wholesale...
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