WPI inflation rises to two-month high of 5.13% in September on hardening of food prices, increase in fuel cost
Inflation based on wholesale prices rose to a two-month high of 5.13 percent in September, mainly due to hardening of food prices and rise in cost of petrol and diesel.
The inflation based on consumer price index (CPI) had declined to a 10-month low of 3.69 percent in the previous month.
Retail inflation likely rose to RBI's 4% target in September on higher food and fuel costs, reveals poll
The median of 45 economists in the poll taken 3-9 October showed inflation was expected to have accelerated to the central bank’s medium-term target of 4.00 percent last month from a year ago, higher than August’s 10-month low of 3.69 percent.
As the policy goes with a stance of calibrated strengthening one can guess that there can be another rate hike when price conditions turn adverse.
Monsoon rainfall drops by 9%, endangers summer crops; low output could spoil Modi's efforts to raise farmers' income
India’s monsoon has produced 9 percent less rain than usual, raising concerns over production of the country’s summer-sown crops as rainfall in many key grains producing states has been nearly a quarter lower than normal levels.
August inflation falls below RBI target despite rupee slide; interest rates likely to be on hold in October
August was the first month in 10 in which retail inflation was below the Reserve Bank of India’s medium-term target of 4 percent.
Wholesale inflation eased in July on account of cheaper food articles, especially fruits and vegetables.
Reserve Bank of India expected to raise interest rates in August; to go for more hikes this fiscal: DBS
According to DBS, upside risks to inflation and a need to maintain financial markets' stability will keep monetary policy on a tightening bias.
Retail inflation hits five-month high of 5% in June on costlier fuel, reduces possibility of RBI rate cut in August
The inflation in fuel and light category went up to 7.14 percent as against 5.8 percent in May
Indian inflation likely rose to a near two-year high in June, driven by surging oil and food prices, economists' poll showed, a development that would strengthen calls for more monetary policy tightening by the Reserve Bank of India.
Retail inflation inched up to 4.87% in May on increase in prices of certain items in the food basket; IIP expanded by 4.9% in April, spurred by higher growth in manufacturing and mining sectors
RBI ups repo to 6.25%: MPC takes aggressive stance on inflation; expect two more rate hikes this year
Increasing the rates based solely on expectations of higher inflation is a strong signal that the central bank will continue to do so in case inflation increases further notwithstanding the targets being less than 5 percent for the year.
Inflation might edge higher as uneven distribution of monsoon could spike food prices; May CPI likely around 4.6-4.7%: Report
Even as monsoon is predicted to be normal this year, its uneven distribution could spike food prices, and inflation is likely to edge further, says a report
The monsoon delivers about 70 percent of India’s annual rainfall and determines the yield of key crops such as rice, wheat, sugarcane and oilseeds such as soybeans.
India's growth to touch 7.3% next fiscal, 7.5% in 2019-20, says Fitch in global economic outlook report
In its Global Economic Outlook report, Fitch forecast Indian economy to clock a growth rate of 6.5 percent this fiscal, a tad lower than official estimates by the Central Statistics Office (CSO) of 6.6 percent.
The Reserve Bank is expecting retail inflation to rise to 5.1 percent in the last quarter of the ongoing fiscal due to rising crude oil prices and hike in salary components of government employees
A sharp spurt in food and fuel prices pushed India's annual retail inflation in November over the RBI's median level of 4 percent mark
RBI has aimed to achieve a medium-term target of 4 percent for retail inflation (based on consumer price index) with band of plus/minus 2 percent while supporting growth
Tomato prices skyrocket, hit Rs 80 per kg in national capital region, Rs 100 in Mizoram on supply crunch
At Azadpur mandi, Asia's largest wholesale market for fruits and vegetables, tomato was being sold at Rs 40-50 kg.
GST at 5% for restaurants: Eating out will become cheaper for now, but expect eateries to hike prices in future
Restaurant business was impacted by demonetisation and GST, resulted in a decline in footfalls of around 25-30 percent, said industry expert