Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
Retail inflation probably breached RBI target in December; rising onion prices contributed to surge: Report
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • Business
  • Retail inflation probably breached RBI target in December; rising onion prices contributed to surge: Report

Retail inflation probably breached RBI target in December; rising onion prices contributed to surge: Report

Reuters • January 9, 2020, 11:20:28 IST
Whatsapp Facebook Twitter

Last month, onion prices—an important food in households—soared tenfold, contributing to a surge in food inflation that has picked up steadily since March

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Retail inflation probably breached RBI target in December; rising onion prices contributed to surge: Report

Bengaluru: Rising vegetable prices probably pushed retail inflation to its highest in more than five years in December, exceeding the Reserve Bank of India’s (RBI) medium-term target of 4 percent for a third straight month, a Reuters poll of economists predicted. The median forecast in the 3-8 January Reuters poll of nearly 50 economists predicted India’s annual consumer inflation rose to 6.20 percent in December from November’s 5.54 percent. Over 60 percent of respondents expected retail inflation, due for release on 13 January, to breach the upper band of the RBI’s buffer range of 2 percent to 6 percent, with the highest forecast for 7.01 percent. [caption id=“attachment_3201802” align=“alignleft” width=“380”] ![Representational image. Reuters](https://images.firstpost.com/wp-content/uploads/2017/01/demonetisation_380_REUTERS.jpg) Representational image. Reuters[/caption] Last month, onion prices—an important food in Indian households—soared tenfold, contributing to a surge in food inflation that has picked up steadily since March. “The single biggest factor for this increase in headline inflation is onions. While there is some sort of increase in other food prices as well, we don’t see that to be extremely alarming,” said Aastha Gudwani, India economist at BofA Global Research. But core inflation, which excludes volatile components like food and energy, has declined, highlighting weak underlying demand. Therefore, many economists do not expect the rise in consumer price inflation to prompt any policy move by the central bank at its next meeting, in February. “I don’t think a hike is something the RBI would be looking at right now because they also need to see what is happening to growth—that is a big concern right now,” said Sakshi Gupta, senior India economist at HDFC Bank.

Tags
RBI Reserve Bank of India NewsTracker Core inflation Onion Prices retail inflation consumer price inflation Consumer inflation Vegetable prices
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Top Stories

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

Charlie Kirk, shot dead in Utah, once said gun deaths are 'worth it' to save Second Amendment

From governance to tourism, how Gen-Z protests have damaged Nepal

From governance to tourism, how Gen-Z protests have damaged Nepal

Did Russia deliberately send drones into Poland’s airspace?

Did Russia deliberately send drones into Poland’s airspace?

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Netanyahu ‘killed any hope’ for Israeli hostages: Qatar PM after Doha strike

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV