
Retail inflation eases to 6.83% in August
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
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
High interest is likely to continue in the coming quarters given that commercial rental yields are trending in the 7-10% band.
Sitharaman says India has been able to remain on a higher and sustainable growth path due to the accelerated pace of economic reforms in the past nine years
Finance Minister Nirmala Sitharaman today underlined a five-pronged strategy for sustained global economic growth, with inflation control and investments led by the governments being the top measures.
Indian oil majors, which turned profitable in the summer last year, are in a position to reduce domestic prices, says MPC member Ashima Goyal
Global supply chains are under pressure, which along with rising global commodity prices have contributed to “multi-decadal high inflation” in 2022, says Shaktikanta Das
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.
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
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