-The Hindu Food inflation remained positiv, at 3.8 % compared to what it was in May 2014. Wholesale Price Index (WPI) inflation was -2.36 per cent in May, marking the seventh consecutive month in which it has been negative, compared to -2.65 per cent in April. Food inflation remained positive, at 3.8 per cent compared to what it was in May 2014. However, the consensus among analysts is that this will not...
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Little respite
-The Business Standard Unlike consumer prices, wholesale inflation provides little comfort If the consumer price index (CPI) numbers for May, released last week, provided some comfort about softening inflation, the wholesale price index (WPI) numbers for the same month, released on Monday, did just the opposite. Headline inflation went up from 5.2 per cent year on year in April to six per cent in May, the highest, by a whisker, since December....
More »Onion cheer & tomato tears -Somesh Jha
-The Business Standard Onion prices in wholesale markets of Mumbai declined 48.6%, the steepest among the four metros, compared to October In November, onions, which stoked inflation in recent months and probably played a part in the Congress party's dismal performance in four Assembly elections, turned cheaper in four major cities - Mumbai, Delhi, Chennai and Kolkata - at both the wholesale and retail levels. However, the decline in wholesale prices was...
More »Interest rates may fall as inflation slows to 3-year low
-The Times of India The inflation rate slowed to a more than three-year low of 5.96% in March on the back of softening vegetable, fruits and milk prices, brightening the prospect of an interest rate cut by RBI while bringing relief for the politically beleaguered government. Lower interest rates would provide relief to thousands of borrowers reeling under the burden of high equated monthly installments ( EMIs) on their home loans. Data released...
More »Retail inflation hits double digits in April
-The Times of India Spiralling prices of vegetables, oils and fats, milk and milk products pushed consumer price inflation to double digits in April in yet another hurdle to the Reserve Bank of India's efforts to ease interest rates. The double digit retail inflation rate also poses fresh challenges for the UPA government which has been on the back foot for its handling of the economy. Data released by the Central Statistics Office...
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