Vegetable prices up 36% YoY, as food inflation zooms; Q2 numbers worsen consumption slowdown
High prices of cereals, pulses and fruits are also stoking the inflationary fire, data from the government reveals.
inflation in india
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July CPI eases to 3.54%, lowest in nearly 5 yrs
Rural inflation stood at 4.10%, while urban areas recorded an inflation rate of 2.98%.
Retail inflation rises to 4-month high of 5.08% in June
Consumer Food Price Index surges to 9.4%.
OECD raises India’s FY24 GDP growth forecast to 6.3%
India among three countries in G20 emerging-market grouping whose growth surprises have mostly been “positive”, says OECD Interim Economic Outlook
Elevated inflation challenges macro stability: FinMin
It may be noted that headline retail inflation in the economy spiked to 7.4% in July 2023, with specific food commodities mainly driving the increase.
WPI inflation at -1.36% in July
The wholesale price index (WPI) rose to -1.36% in July as against -4.12% in June owing to an increase in food prices, according to the ministry of commerce & industry
Retail inflation falls to 18-month low of 4.7% in April
Index of Industrial Production (IIP) grew 1.1% in March.
Pricing Power Behind High Inflation?
Why central banks such as RBI need to look at high prices charged by dominant firms instead of focusing on higher repo rates only.
Bottom 50% Indians hit hard by inflation: Report
The effective inflation faced by the bottom 50% of the population stood at 7.2% in the first nine months of FY23, says India Ratings and Research.
Jan wholesale inflation dips to 24-month low at 4.7%
Govt says the decline in wholesale inflation is contributed by mineral oils, chemicals & chemical products, textiles, crude petroleum & natural gas, textiles, food products
