-PTI In Nov, retail inflation had jumped to a more than three-year high of 5.54 per cent on costlier food products Retail inflation rose to about five-and-half year high of 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier. The unexpected jump in inflation diminished the chances of the RBI cutting interest rate at its next monetary policy review...
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Onions shouldn't hold up review of inflation target -Karan Bhasin
-Livemint.com With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework Last year, there were calls to review RBI’s inflation targeting framework. With the term of the current monetary policy committee ending in September, it’s time to review the performance of the rate-setting framework. Mint explains the debate around this. * What are the terms of the policy framework? In 2016, the...
More »Retail inflation rose to 7.35% in December -- the highest since July 2014
-Scroll.in The figures breached the tolerance band of the Reserve Bank of India’s Monetary Policy Committee Retail inflation rose to 7.35% in December from 5.54% the month before, government data showed on Monday. The rate of inflation exceeded the tolerance band of the Reserve Bank of India’s Monetary Policy Committee, Bloomberg reported. At the current level, retail inflation is at its highest since July 2014. Inflation was pushed up by a rise in...
More »Lifting growth, containing inflation -Ashok Gulati
-The Indian Express Reform of grain management system could free up resources for infrastructure investment. With GDP growth rate plummeting to 4.5 per cent and with the agriculture GDP (GDPA) growth at 2.1 per cent in the second quarter of this fiscal year, everyone concerned with the economy is anxious. The question being asked is whether the Indian economy can be put back on the 7-8 per cent growth trajectory and can...
More »Double trouble: On uneven inflation and sluggish growth
-The Hindu Uneven inflation and sluggish growth present serious dilemmas for policymakers Policymakers face a tricky dilemma as prices in the economy continue to rise even as economic growth has plummeted to well under 5%. Food inflation, now in double-digits, has caused significant pain. The International Monetary Fund on December 23 called for “urgent” policy measures to reverse the current slowdown that has weighed down global economic growth. The warning is timely...
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