Thursday, December 12

Tag: Retail inflation

Feature, National News

Retail inflation hits 14-month high, rises to 6.21 per cent in October

Jaipur, November 12, 2024. India’s retail inflation surged to a 14-month high of 6.21% in October, exceeding the Reserve Bank of India’s (RBI) target range. This rise in inflation, attributed to higher food and fuel prices, may prompt tighter monetary policies in the coming months. India’s Index of Industrial Production (IIP) showed a positive shift, expanding by 3.1% in September compared to a 0.1% contraction in August. According to data from the Ministry of Statistics and Programme Implementation (MoSPI), key sectors such as mining, manufacturing, and electricity recorded growth rates of 0.2%, 3.9%, and 0.5%, respectively, indicating a recovery in industrial output.
Feature, National News

Retail inflation up to 3.65% in August on account of rise in food prices

Jaipur, September 13, 2024. Retail inflation inched higher to 3.65 per cent in August from the five-year low print of 3.60 per cent in July mainly on account of rise in food prices even as it continued to remain below the 4 per cent mark in the 4+/- 2 per cent band of medium-term inflation target set by the Reserve Bank of India (RBI), data released by the National Statistical Office (NSO) showed Thursday. After slipping to a 13-month low of 5.42 per cent in July, food inflation based on Combined Food Price Index (CFPI) increased to 5.66 per cent in August led by an uptick in perishables such as vegetables and fruits. Data released separately showed the country’s factory output for July, as measured by the Index of Industrial Production (IIP), inched higher to 4.8 per cent from a fiv...
Retail inflation at 4-month high, rises to 5.08% in June
Feature, National News

Retail inflation at 4-month high, rises to 5.08% in June

New Delhi, July 12, 2024. Retail inflation surged to 5.08% in June, rising to a 4-month high on an annual basis from 4.80% in May last month, as per government data released on Friday, July 12, 2024. Food inflation rose to 9.55% in June, up from 8.69% in May and 4.55% in June 2023. Rural inflation climbed to 5.67% in June from 5.34% in May and 4.78% in June 2023. In contrast, urban inflation slightly decreased to 4.39% in June from 4.21% in May and 4.96% in June 2023. India's Index of Industrial Production (IIP) increased by 5.9% in May compared to 5% in April, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
Retail inflation increased to 5.55% in November
Feature, National News

Retail inflation increased to 5.55% in November

Jaipur, December 12, 2023. India's retail inflation has increased to 5.55% in November after three months of decline. The reason for this is the high prices of vegetables and fruits. Retail inflation in October was 4.87%. Whereas in September it was 5.02%. RBI's range regarding inflation is 2%-6%. Ideally, RBI would like retail inflation to remain at 4%. In the recent monetary policy meeting, RBI had maintained the retail inflation estimate for FY24 at 5.40%. Inflation is directly related to purchasing power. For example, if the inflation rate is 6%, then Rs 100 earned will be worth only Rs 94. Therefore, investment should be made only keeping inflation in mind. Otherwise the value of your money will reduce.
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