-The Hindu Business Line The numbers may look good but the consumer’s monthly budget hasn’t eased up. Here are four reasons why the common man has no respite from inflation It’s official! Inflation is down. The wholesale price inflation has been in negative territory for the last eight months. CPI, the consumer price-based inflation, has also dropped, from 8-8.5 per cent in the beginning of 2014 to sub-5 per cent now. Inflation...
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India's wholesale inflation falls further to (-)2.4%
-IANS NEW DELHI: India's annual rate of inflation based on wholesale prices continued in the negative territory in June, falling further to (-)2.4 per cent from (-)2.36 per cent for the month before, official data showed on Tuesday. The annual rate of inflation, as per the official wholesale price index, stood at 5.66 per cent in the corresponding month of the previous year, according to data released by the ministry of commerce...
More »Who said inflation is down? -Rajalakshmi Nirmal
-The Hindu Business Line Though the overall price trend is declining, for many items of daily consumption, especially food, it has risen Wholesale and consumer price indices are trending lower, but this has not brought relief to the common man. In May, the wholesale price index recorded negative growth for the seventh consecutive month. The consumer price index edged marginally higher in May to 5.01 per cent, from 4.87 per cent a...
More »Food price surge puts Raghuram Rajan on the back foot -Rafael Nam and Rajendra Jadhav
-Livemint.com Rajan has indicated he will now pause, projecting consumer inflation could rise to about 6% by next January Aurangabad: Prices of many foodstuffs are surging in India, despite a good start to monsoon rains—an unexpected boon for wholesalers, but a major headache for the central bank and a government hoping for its help to reboot the economy. Reserve Bank of India (RBI) governor Raghuram Rajan has cut interest rates three times...
More »More dal, less bhaat -Ashok Gulati and Shweta Saini
-The Indian Express Government should devise a crop-neutral incentive structure to attract farmers to pulses over paddy. Policymakers and consumers can rejoice in the light of the latest price data. Food inflation in particular has witnessed significant moderation. In May 2015, food prices were up by only 2.3 per cent at wholesale and 5 per cent at retail levels over May last year. The increases in minimum support prices for the...
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