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consumer price index

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The latest IIP and CPI numbers are a continuation of the trend of a shrinking IIP in January and a rising CPI in February.

IIP contracts, inflation rises in fresh woes

PUBLISHED ON APR 12, 2021 11:34 PM IST
  • Retail inflation, as measured by the Consumer Price Index (CPI), rose to 5.5% in March, still within the Reserve Bank of India’s comfort level of 6%, although the broader number hides a surprising return of food inflation.
Retail inflation declines to 4.59% in December from 6.93% in November(Reuters File Photo )
Retail inflation declines to 4.59% in December from 6.93% in November(Reuters File Photo )

Retail inflation declines to 4.59% in December from 6.93% in November: Govt

PTI |
UPDATED ON JAN 12, 2021 05:54 PM IST
Retail inflation based on the Consumer Price Index (CPI) was 6.93 per cent in November.
A vendor sells vegetables at a retail market in Kolkata.(Reuters File Photo)
A vendor sells vegetables at a retail market in Kolkata.(Reuters File Photo)

Current phase in 3 points as inflation eases to 6.93%

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON DEC 15, 2020 05:08 AM IST
Wholesale inflation, measured by the wholesale price index (WPI), in the month of November increased marginally to 1.55% from its October value of 1.48%. WPI is at the highest level since February 2020 and it has been rising continuously since June.
The rate of price rise in vegetables and potato remained high at 25.23 per cent and 107.70 per cent, respectively, during the month(AP)
The rate of price rise in vegetables and potato remained high at 25.23 per cent and 107.70 per cent, respectively, during the month(AP)

WPI inflation at 8-month high standing at 1.48% in October

New Delhi | By Press Trust of India | Posted by Ayshee
UPDATED ON NOV 16, 2020 01:13 PM IST
While food article prices softened in October, manufactured items witnessed hardening of prices, according to data released by the Commerce and Industry Ministry on Monday. This is the highest level of WPI inflation since February when it was 2.26 per cent
A vegetable vendor awaits customers while arranging onions in his cart at a market in Prayagraj.(AP)
A vegetable vendor awaits customers while arranging onions in his cart at a market in Prayagraj.(AP)

Retail inflation inches up to 7.61% in October

Press Trust of India | By Press Trust of India | Posted by Shivani Kumar
UPDATED ON NOV 12, 2020 06:45 PM IST
According to the Consumer Price Index (CPI) data released by the government on Thursday, inflation stood at 7.27 per cent in September 2020. It was 4.62 per cent in October 2019.
The poll also predicted industrial output in September dropped 2.0% from a year earlier, the seventh consecutive month of falls and its longest streak of decline since June 2009, as infrastructure output, which accounts for about 40% of total industrial production, contracted 0.8%.(Bloomberg Photo)
The poll also predicted industrial output in September dropped 2.0% from a year earlier, the seventh consecutive month of falls and its longest streak of decline since June 2009, as infrastructure output, which accounts for about 40% of total industrial production, contracted 0.8%.(Bloomberg Photo)

CPI for October likely above 7% again, industrial output falls: Poll

Bengaluru | By Reuters | Posted by Nilavro Ghosh
PUBLISHED ON NOV 10, 2020 01:17 PM IST
A Reuters poll of 50 economists conducted from November 4-9 predicted consumer prices rose 7.30% last month from a year earlier, a touch lower than September’s 7.34% rate.
The new index assigns more weight to spending on services such as education, healthcare, housing, travel and transportation, as expenditure on these items has increased compared to expenditure on primary articles such as food.(Representational Photo/Bloomberg File)
The new index assigns more weight to spending on services such as education, healthcare, housing, travel and transportation, as expenditure on these items has increased compared to expenditure on primary articles such as food.(Representational Photo/Bloomberg File)

Government launches new inflation index for working class

Hindustan Times, New Delhi | By Zia Haq
UPDATED ON OCT 22, 2020 01:53 PM IST
The new series has been necessitated by changing consumption habits, relative prices of various commodities as well as spending patterns of the country’s workforce in regular jobs
Representational photo.(REUTERS File)
Representational photo.(REUTERS File)

Labour bureau to release new working-class inflation index on October 21

Hindustan Times, New Delhi | By Zia Haq
UPDATED ON OCT 19, 2020 09:06 AM IST
In the new series, the base year for calculating the CPI-IW will be updated from 2001 to 2016. The new series has been necessitated by changing consumption habits, relative prices of various commodities and spending patterns of the country’s workforce in regular jobs
The revised indices, which will be made public next week, will take into account data from a larger number of industrial centres—from 78 now to nearly 90—to capture the ground realities more accurately.(Bloomberg file photo. Representative image)
The revised indices, which will be made public next week, will take into account data from a larger number of industrial centres—from 78 now to nearly 90—to capture the ground realities more accurately.(Bloomberg file photo. Representative image)

Industrial workers set for a salary hike

Livemint, New Delhi | By Prashant K Nanda
PUBLISHED ON OCT 16, 2020 07:42 AM IST
The base year for CPI-IW will be revised from 2001 to 2016 to reflect changing consumption patterns, which is likely to benefit millions of industrial workers, government employees and pensioners. The CPI-IW is used for calculating both industrial workers’ salaries as well as government staff’s DA and pensioners’ dearness relief (DR).
File photo of Microsoft co-founder Bill Gates.(AP Photo)
File photo of Microsoft co-founder Bill Gates.(AP Photo)

News updates from Hindustan Times: ‘Normalcy only when second generation of Covid-19 vaccine is out,’ says Bill Gates and all the latest news

Hindustan Times, New Delhi | By hindustantimes.com
UPDATED ON OCT 13, 2020 08:48 AM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
Finance minister Nirmala Sitharaman addresses the media in New Delhi on Monday.(Ajay Aggarwal/HT Photo)
Finance minister Nirmala Sitharaman addresses the media in New Delhi on Monday.(Ajay Aggarwal/HT Photo)

State of the economy: The recovery question

UPDATED ON OCT 13, 2020 05:54 AM IST
The post-lockdown sequential recovery is flattening and inflation is gathering momentum. This raises questions on the recent optimism around economic recovery.
Data released by the National Statistical Office (NSO) showed that the rate of price rise in the food basket was 10.68% in September against 9.05% in August.(AP Photo)
Data released by the National Statistical Office (NSO) showed that the rate of price rise in the food basket was 10.68% in September against 9.05% in August.(AP Photo)

Retail inflation rises to 8-month high in Sept over high food items

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Meenakshi Ray
UPDATED ON OCT 14, 2020 06:35 PM IST
In August, the retail inflation, which is measured by the consumer price index (CPI), grew 6.69%. It was powered by an increase in the price of food as well as transport and mobile phone bills.
People shop for fish at a market in Kolkata, India. At a time when the economy is in a contraction phase and producers are perhaps sitting with unprecedented levels of idle capacity, households expect inflation to grow in double digits in the future.(AP)
People shop for fish at a market in Kolkata, India. At a time when the economy is in a contraction phase and producers are perhaps sitting with unprecedented levels of idle capacity, households expect inflation to grow in double digits in the future.(AP)

Inflation, monetary policy and growth

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON AUG 24, 2020 03:46 PM IST
What does one make of the fact that households’ inflation expectations have remained at 6% plus levels over the last four years? Does it mean that the Indian economy has been facing persistent excess demand?
Data released by the industry department showed that wholesale price index (WPI) inflation contracted 0.58% in July against a 1.81% contraction in June.
Data released by the industry department showed that wholesale price index (WPI) inflation contracted 0.58% in July against a 1.81% contraction in June.

Wholesale inflation contracts for 4th month in a row

Hindustan Times, New Delhi | By Asit Ranjan Mishra
PUBLISHED ON AUG 15, 2020 05:37 AM IST
The divergence between food inflation at the wholesale and retail levels remained significant in July even after narrowing considerably, pointing to the continued varied dynamics driving food prices as the country emerged from the national lockdown.
Food inflation in June increased by 7.87 per cent, according to Consumer Price Index (CPI) data.(HT Photo)
Food inflation in June increased by 7.87 per cent, according to Consumer Price Index (CPI) data.(HT Photo)

Retail inflation at 6.09% in June due to higher prices of food items

New Delhi | By Press Trust of India | Posted by Anubha Rohatgi
UPDATED ON JUL 13, 2020 08:16 PM IST
The inflation figures are based on data collected from limited markets in view of the restrictions imposed on account of coronavirus pandemic, the Ministry of Statistics & Programme Implementation said in a release.
With markets reeling from the coronavirus outbreak, the Fed last week made its first emergency rate cut since 2008, slashing the key interest rate by a half point to a range of 1.0-1.25 percent.(REUTERS)
With markets reeling from the coronavirus outbreak, the Fed last week made its first emergency rate cut since 2008, slashing the key interest rate by a half point to a range of 1.0-1.25 percent.(REUTERS)

As coronavirus hits, US inflation largely absent in February

Washington | By Agence France-Presse
UPDATED ON MAR 11, 2020 07:38 PM IST
The increase in the seasonally adjusted consumer price index of just 0.1 percent shows inflation is not a concern for the world’s largest economy, and bolsters the US Federal Reserve’s aversion to high interest rates.
Since food has a 39% share in the overall inflation basket, a spike in food inflation in December also led to overall CPI rising 7.35%, the highest since July 2014.(Bloomberg (Image for representation purpose))
Since food has a 39% share in the overall inflation basket, a spike in food inflation in December also led to overall CPI rising 7.35%, the highest since July 2014.(Bloomberg (Image for representation purpose))

Is India’s food inflation imported?

New Delhi | By Roshan Kishore
UPDATED ON FEB 20, 2020 10:28 AM IST
A comparison of the CPI Food and FAO’s FPI show that the two have been moving in tandem in the last one year. Does this mean that India’s food inflation is driven by global factors?
Wholesale prices-based inflation rose to 3.1 per cent in January. (Representative Image)(Bloomberg)
Wholesale prices-based inflation rose to 3.1 per cent in January. (Representative Image)(Bloomberg)

WPI inflation rises to 3.1 percent in January

New Delhi | By Press Trust of India
UPDATED ON FEB 14, 2020 02:44 PM IST
The annual inflation, based on monthly wholesale price index (WPI), was at 2.76 per cent during the same month a year ago (January 2019).
A labourer talks on his mobile phone as he sits on sacks of onions at a wholesale market in Mumbai.(Photo: Reuters)
A labourer talks on his mobile phone as he sits on sacks of onions at a wholesale market in Mumbai.(Photo: Reuters)

Union budget 2020 will fear and wish for inflation at same time

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON JAN 28, 2020 01:49 AM IST
Number Theory: Any strategy which seeks to counter food inflation aggressively may backfire for overall growth prospects.
Food subsidies are the biggest expenditure item in the budget after interest payments and defence.(AP)
Food subsidies are the biggest expenditure item in the budget after interest payments and defence.(AP)

Inclusion of vegetables in PDS may check food inflation woes

Hindustan Times, New Delhi | By Roshan Kishore
UPDATED ON JAN 16, 2020 09:13 AM IST
More than 40% of India’s workforce is still employed in agriculture, according to data from the 2017-18 Periodic Labour Force Survey (PLFS) conducted by the National Statistical Office (NSO).
Blaming vegetable, meat and fish prices for the high food inflation, CARE Ratings Ltd chief economist Madan Sabnavis said that inflation should come down in January with the new onion crop in and prices moving down. (HT photo)
Blaming vegetable, meat and fish prices for the high food inflation, CARE Ratings Ltd chief economist Madan Sabnavis said that inflation should come down in January with the new onion crop in and prices moving down. (HT photo)

Retail inflation at 5-yr high, crosses RBI’s comfort zone on soaring food prices

Hindustan Times, New Delhi | By Roshan Kishore & Rajeev Jayaswal
UPDATED ON JAN 13, 2020 06:45 PM IST
Core inflation – the non-food non-fuel component of CPI basket – has also increased marginally after declining for four consecutive months, even as the headline numbers were rising.
As per the government data, the food inflation rose to 14.12 per cent in December as against (-) 2.65 per cent in the same month of 2018. It was 10.01 per cent in November 2019.(REUTERS)
As per the government data, the food inflation rose to 14.12 per cent in December as against (-) 2.65 per cent in the same month of 2018. It was 10.01 per cent in November 2019.(REUTERS)

Retail inflation jumps to 7.35 % in Dec, crosses RBI’s comfort level

New Delhi | By Press Trust of India
UPDATED ON JAN 13, 2020 06:03 PM IST
The retail inflation based on Consumer Price Index (CPI) was 2.11 per cent in December 2018 and 5.54 per cent in November 2019.
Odisha government is planning to revise the rehabilitation policy to increase the monetary relief given to the affected.(PTI Photo)
Odisha government is planning to revise the rehabilitation policy to increase the monetary relief given to the affected.(PTI Photo)

Odisha rehabilitation policy revision to increase one-time assistance next week

Hindustan Times, Bhubaneswar | By Debabrata Mohanty
UPDATED ON JAN 15, 2020 07:04 AM IST
The revision is in line with the understanding that the CPI is a better indicator of inflation that affects an average household.
The rate of price rise for food articles rose to 11 per cent during November as against 9.80 a month earlier(Burhaan Kinu/HT Photo)
The rate of price rise for food articles rose to 11 per cent during November as against 9.80 a month earlier(Burhaan Kinu/HT Photo)

Wholesale Price Index-based inflation rises to 0.58 per cent in November

Mumbai | By Press Trust of India
UPDATED ON DEC 16, 2019 12:31 PM IST
The consumer price index based retail inflation, as per data released last week, spiked to over a 3-year high of 5.54 per cent in November due to costlier food products
The short answer to why inflation numbers show a divergent trend is food. Food and beverages have a share of 46% in the CPI basket. The spike in retail inflation is mainly because of a seasonal shock to food prices, especially vegetables(REUTERS)
The short answer to why inflation numbers show a divergent trend is food. Food and beverages have a share of 46% in the CPI basket. The spike in retail inflation is mainly because of a seasonal shock to food prices, especially vegetables(REUTERS)

Understanding India’s inflation trends | HT editorial

Hindustan Times | By HT Correspondent
UPDATED ON NOV 14, 2019 08:34 PM IST
The spike in retail inflation is due to food. The Reserve Bank of India must not use it to increase policy rates
A worker holds onions at the Vashi Agricultural Produce Market Committee (APMC) wholesale market in Mumbai, India.(Photo: Bloomberg)
A worker holds onions at the Vashi Agricultural Produce Market Committee (APMC) wholesale market in Mumbai, India.(Photo: Bloomberg)

Costlier onion may have added to growth slump

Hindustan Times, New Delhi | By Roshan Kishore
PUBLISHED ON NOV 14, 2019 03:46 AM IST
As overall incomes take a hit during a slowdown, an average worker is likely to spend less on non-essentials. What happens if food prices rise drastically at a time when incomes are already facing a squeeze due to a slowdown?
A worker sorts onions at a wholesale vegetable market in Chandigarh, India.(REUTERS)
A worker sorts onions at a wholesale vegetable market in Chandigarh, India.(REUTERS)

Retail inflation at 16-month high as food prices soar

Hindustan Times, New Delhi | By Roshan Kishore
PUBLISHED ON NOV 14, 2019 12:56 AM IST
Retail food inflation in October was 7.9%, the highest since August 2016. Retail inflation, excluding the food and beverages sub-group grew at just 2.7% in October.
The job surge under the scheme has exhausted ~50,000cr of the ~60,000cr allocated to the programme in this year’s budget.(HT File)
The job surge under the scheme has exhausted ~50,000cr of the ~60,000cr allocated to the programme in this year’s budget.(HT File)

Govt may pump more funds into NREGS to boost rural economy

New Delhi | By Saubhadra Chatterji, Zia Haq
UPDATED ON OCT 27, 2019 12:59 AM IST
Many analysts have underlined that the BJP’s below-par performance in the Maharashtra and Haryana assembly elections reflected concern, among other factors, about the economy, which slumped to a growth rate of 6% in the three months to June 30, the slowest pace in over six years.
There was a recovery in 2016-17 and 2017-18 but that seems to have reversed last year, with inflation-adjusted sales revenue growth falling from 4.5% in 2017-18 to 3% in 2018-19.
There was a recovery in 2016-17 and 2017-18 but that seems to have reversed last year, with inflation-adjusted sales revenue growth falling from 4.5% in 2017-18 to 3% in 2018-19.

Private sector salaries logged slowest growth in a decade

Hindustan Times, New Delhi | By Vineet Sachdev
UPDATED ON AUG 21, 2019 07:32 AM IST
It is also the first time in seven years that the share of salaries in sales revenue has come down.
The retail inflation based on Consumer Price Index (CPI) was 3.18 per cent in June and 4.17 per cent in July 2018.(AFP file photo)
The retail inflation based on Consumer Price Index (CPI) was 3.18 per cent in June and 4.17 per cent in July 2018.(AFP file photo)

Retail inflation eases to 3.15 percent in July

New Delhi | By Press Trust of India
UPDATED ON AUG 13, 2019 06:20 PM IST
As per the data released by the Central Statistics Office (CSO), the inflation in the food basket was 2.36 per cent in July, marginally up from 2.25 per cent in the previous month. Retail inflation is well below the RBI’s comfort level.
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