-The Hindu The central bank’s shift of focus from financial stability to Inflation targeting could have led to regulatory infirmity Inflation is back in the news and attention has willy-nilly turned on the Reserve Bank of India (RBI). This would lead us to recognise what the central bank is mandated to do and assess how much of its objective it actually achieves. The establishment of some of the world’s oldest central banks was...
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Wholesale Inflation rises to 2.59 pc in December on costlier veggies
-PTI Wholesale prices based Inflation surged to an eight-month high of 2.59 per cent in December, as against 0.58 per cent in November due to sharp rise in prices of food articles like onion and potato. Wholesale prices based Inflation surged to an eight-month high of 2.59 per cent in December, as against 0.58 per cent in November due to sharp rise in prices of food articles like onion and potato. The annual...
More »Vegetable prices push wholesale Inflation to 7-month high in December
-The Indian Express Vegetable Inflation jumping to an over six-year high and pulses Inflation rising to a more than 3-year high were the key reasons driving retail Inflation. Wholesale price index (WPI)-based Inflation surged to a seven-month high of 2.59 per cent in December 2019, as against 0.58 per cent in November, due to a sharp rise in prices of food articles like onions and potatoes, according to the data released by...
More »Price turnaround: These farmers aren't crying -Gopal B Kateshiya
-The Indian Express Food Inflation isn’t a bad thing, at least for onion growers. Rajkot/ Bhavagar (Gujarat): AS THE winter sun turns red on the western horizon, Kishor Ranpariya and Haresh Saipariya discuss the overall crop situation and wholesale price trends. The former has just returned after selling 63.51 quintals of onion at the agricultural produce market committee (APMC) mandi in Rajkot, about 25 km from his home in Rataiya village in...
More »A rough patch
-The Indian Express High Inflation reduces room for rate cuts. With limited fiscal space, FM must spell out plans to revive growth. Latest Inflation data seems to corroborate fears articulated by the Monetary Policy Committee (MPC) in its December meeting when it refrained from cutting the benchmark repo rate. Retail Inflation, as measured by the consumer price index (CPI), has surged to 7.35 per cent in December 2019, up from 5.54 per...
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