
WPI inflation in negative territory for 5th month straight
Negative rate of wholesale inflation primarily attributed to fall in prices of mineral oils, basic metals, chemical & chemical products, textiles, and food products
Negative rate of wholesale inflation primarily attributed to fall in prices of mineral oils, basic metals, chemical & chemical products, textiles, and food products
Retail inflation falls to 7.02% in rural areas from 7.63% in July, while it drops to 6.59% in urban areas from 7.20% in previous month
Headline inflation is expected to average well above 6% in the second quarter, says RBI
The year-on-year inflation rate for vegetables surged to 37.34% in July
Index of Industrial Production (IIP) grew 1.1% in March.
CPI-based inflation falls within the Reserve Bank of India’s target band of 4%-6%.
Urban inflation rose to 6.1% in February from 6% in January while rural inflation declined to 6.72% in February from 6.85% in January.
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.
While cereals inflation is exhibiting an increasing trend for the past two years, the latest increase is “perplexing”, says a report.
Food inflation, measured by the Consumer Food Price Index, rose to 5.94% in January.