Wholesale inflation eases to 13.93% in July
Commerce ministry says wholesale inflation contributed by rising prices of mineral oils, food articles, crude petroleum & natural gas, basic metals, etc; in double-digit since April 2021
retail inflation
August 2022
July 2022
June 2022
Retail inflation cools to 6.71% in July, remains above RBI's tolerance
Consumer price inflation remains above the central bank’s upper tolerance band of 6%, and core inflation continues to be elevated and sticky.
India better placed amid high global inflation, Govt watchful: FinMin official
Inflation had been rising in the Indian economy as an impact of the supply disruption and high commodity prices in the wake of the Russia-Ukraine war.
MPC meet: RBI hikes repo rate by 50 bps to 5.4% to tame inflation
The 3rd hike in a row pushes the key policy rate to the pre-pandemic levels; RBI's FY23 forecast on inflation and GDP remains unchanged at 6.7% and 7.2%, respectively
India’s macros strong; govt not in denial on inflation: FM
Indian economy, compared to the peer groups and developed economies, is much better, says finance minister Nirmala Sitharaman in the Rajya Sabha
Rural India reeling under higher inflation than urban
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.
Inflation to have negligible impact on poverty in India: FM
Sithraman cites latest UNDP report saying targeted transfers help poorer households cope with price spikes
Retail inflation eases to 7.01% in June, industrial output grows 19.6% in May
Rural inflation increased marginally to 7.09% in June from 7.08% in May, while urban inflation saw a sharp downturn to 6.92% during the month.
Indians most optimistic about future; lead the pack in spending
But, around 48% of consumers surveyed in India say they are planning to decrease spending amid high inflation, says the McKinsey Consumer Pulse Survey.
Retail inflation to decline to 6% in medium-term: FinMin
The government says as the southwest monsoons send newer crops to mandis, food prices and consequently headline retail inflation are expected to decline.
