WPI inflation surges to 16-month high of 3.36% in June
The surge is driven by increased costs of food items, food products manufacturing, crude petroleum, natural gas, mineral oils, and other manufacturing sectors
The surge is driven by increased costs of food items, food products manufacturing, crude petroleum, natural gas, mineral oils, and other manufacturing sectors
Consumer Food Price Index surges to 9.4%.
If we target inflation based on CPI and seasonal factors and decide policy rates of interests accordingly, we are bound to make mistakes.
The final leg of this disinflation journey may be tough, says RBI governor Shaktikanta Das
Non-veg thali took a 7% price dip in the same period, thanks to lower broiler prices
With inflation trending downwards, the Indian economy appears to be quite robust and resilient, EY says in the monthly economy watch report.
Despite a fall in CPI inflation, food inflation in April 2024 surged to a four-month high at 8.70%
In the case of non-veg thali, the cost dipped 4% due to a 12% on-year decline in broiler prices
In the metals market, Gold has surged to a new all-time peak, Copper futures experienced substantial gain, and HRC Steel prices have declined 22.69% since the beginning of 2024.
A strong growth trend domestically, driven by capex and productivity, implies that rates could be higher for longer, says Morgan Stanley