-Business Standard Upward trend continues after base year revision, mainly because of high food prices India's Consumer Price Index (CPI) -based inflation rose to 5.37 per cent in February, from 5.19 per cent the previous month, mainly because of high food prices. After a revision in base year in December, from 2010 to 2012, this was a third straight month to see an upward trend in the rate of retail inflation. The rate...
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Against the grain -Harish Damodaran
-The Indian Express By officially committing to inflation targeting through the signing of a monetary policy agreement between the finance ministry and the RBI, India has joined 28 other countries in explicitly fixing goals for annual increases in the consumer price index (CPI) and pinning responsibility on the central bank for achieving them. Interestingly, among the now 29 countries, India has the lowest per capita income. While there are as many as...
More »Moderate inflation is a passing phase: Economists -Ishan Bakshi
-Business Standard A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation The sharp fall in inflation over the past few months has raised the clamour for interest rate cuts. With the Consumer Price Index (CPI) falling to 5.5 per cent in October from 6.5 per cent a month ago, which is below the central bank's target of six per cent by January...
More »October CPI inflation dips to 5.52%, touches historic low
-Business Standard Overall food inflation measured on CPI came down to 5.59% in Oct as against 7.67% in the previous month The Consumer Price Index (CPI) based inflation rose to 5.52% in October compared to the same period last year, its lowest rate since the government started releasing the data in February 2012. For September, CPI inflation was 6.46%, making October's numbers the third consecutive month that retail inflation has eased. According to...
More »Don’t blame MSP for inflation -Amartya Lahiri
-The Indian Express Ill-thought-out assertions about the efficacy of monetary policy can unhinge private expectations of inflation. The Indian Express recently published two articles by Surjit S. Bhalla on the subject of inflation in India (‘Where monetary policy is irrelevant', September 13 and ‘RBI, we have a problem', September 20). Bhalla's central thesis is that inflation in India is primarily driven by changes in the minimum support prices (MSP) for agricultural goods....
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