-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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Is crude, edible oil inflation relief on the cards for India? -Roshan Kishore
-Hindustan Times The fuel and energy basket sub-component has a share of 6.84% in the CPI basket. For oil and fats (edible oil) sub-category, this share is 3.56%. A simple calculation using the weighted share of these two sub-components shows that they have been a key driver of headline inflation in the past few months. India’s benchmark inflation rate, as measured by the Consumer Price Index (CPI) has been above the 6%...
More »Retail inflation eases to 7.01% in June, but remains above RBI's target band -Meghna Sen
-Livemint.com For the sixth month in a row, the retail price inflation stayed well above the RBI's upper tolerance limit of 6% India's retail inflation eased slightly to 7.01% in June against 7.04% in the previous month, government data showed today. However, in June 2021, the retail inflation stood at 6.26%. The consumer price-based inflation (CPI) has breached the upper limit of RBI's tolerance band, ranging from 2-6%, for the sixth consecutive...
More »Retail inflation eases in June to 7.01%, but still above RBI’s upper limit -Zia Haq
-Hindustan Times Food price index leapt 7.75% in June on the back of a global spiral in commodity prices, slightly lower than 7.97% in May India’s retail inflation marginally eased for the second month in a row to 7.01% in June from a year ago, official data on Tuesday showed, but consumer prices, which rose 7.04% in May, continued to breach the Reserve Bank of India’s upper limit of 6% for the...
More »The Return of Food Inflation: Why it’s Different this time -Samridhi Agarwal and Harish Damodaran
-Centre for Policy Research Since the start of this calendar year, annual consumer price index (CPI) inflation has ruled not only above the Reserve Bank of India’s (RBI) target of 4%, but even its upper tolerance level of 6%, for every month from January to May. If we take the 38 months from April 2019 to May 2022 – roughly coinciding with the Narendra Modi-led government’s second term (Modi 2.0) –...
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