
Retail inflation eases to 6.44% in Feb
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.
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.
Within the food inflation, vegetable prices fell the most, with the index down 12.7% in December 2022 compared to November 2022.
CPI-based headline inflation falls to a one-year low; remains below the RBI’s upper threshold of 6% for the 2nd month in a row.
India now seems “unstoppable” in its momentum to become the “third economic superpower”, says a report by a UK-based economics consultancy company CEBR.
Around 76% of the respondents see their monthly vegetable budget increase between 25-100% in the last two years, shows a survey LocalCircles.
Retail inflation rose in both rural and urban areas. India's factory output saw a contraction of 0.8% in August 2022.
The RBI governor Shaktikanta Das-led MPC keeps inflation forecast unchanged at 6.7% for the financial year 2022-23 amid upside risks to food prices.
India has the ability to become the world's largest food producer, but feeding the globe while ensuring food security to its 1.4 billion people is not going to be an easy task.
India’s retail inflation remains above the central bank’s upper tolerance band of 6% for the eighth straight month now.
Consumer price inflation has grown at a higher rate in the rural areas compared with the urban areas for seven consecutive months since December last year.