
Retail inflation falls to 18-month low of 4.7% in April
Index of Industrial Production (IIP) grew 1.1% in March.
Index of Industrial Production (IIP) grew 1.1% in March.
Decline in wholesale inflation rate was supported by ease in prices of basic metals, food products, textiles, non-food articles, crude petroleum & natural gas products
CPI-based inflation falls within the Reserve Bank of India’s target band of 4%-6%.
While cereals inflation is on an increasing trend for the past two years, the recent increase is "perplexing", says the latest SBI Research note
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.
India Ratings and Research says this can have an impact on rural demand, which has been under stress in the aftermath of Covid-19.
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.
Govt says the decline in wholesale inflation is contributed by mineral oils, chemicals & chemical products, textiles, crude petroleum & natural gas, textiles, food products
Food inflation, measured by the Consumer Food Price Index, rose to 5.94% in January.