[

india inflation news

]

Latest from india inflation

November retail inflation eases below 6% for the first time this year

This is the first time in 11 months that the retail inflation print has come within the RBI's tolerance band of 4 (+ /- 2) per cent. The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.

The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.(AFP)
The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.(AFP)
Published on Dec 12, 2022 06:05 PM IST
PTI | | Posted by Singh Rahul Sunilkumar

'Worst to come... 2023 will feel like recession': IMF warns, cuts India forecast

The IMF's revised global forecast is 0.2 points down from July expectations and the growth profile is the 'weakest' since 2001

India's GDP growth slashed to 6.8 per cent by International Monetary Fund (File)
India's GDP growth slashed to 6.8 per cent by International Monetary Fund (File)
Updated on Oct 11, 2022 08:59 PM IST

‘Democracy is a memory’: Rahul Gandhi, detained, on Congress MPs-cops faceoff

Congress-Halla Bol Protest: The pan-India protest has been launched against inflation. 

Rahul Gandhi tweeted photographs of Congress leaders protesting in Delhi. 
Rahul Gandhi tweeted photographs of Congress leaders protesting in Delhi. 
Updated on Aug 05, 2022 03:29 PM IST
By, New Delhi

‘India seeing death of democracy’: Rahul Gandhi as Congress protests inflation 

Congress is holding pan-India “Halla Bol” protests on inflation. 

Rahul Gandhi holds presser in Delhi
Rahul Gandhi holds presser in Delhi
Published on Aug 05, 2022 09:57 AM IST
By, New Delhi

RBI expected to hike policy rates for 3rd time in row in fight against inflation

India's inflation currently stands at 7 per cent and finance minister Nirmala Sitharaman said earlier this week that government has been trying to keep it under 6 per cent. 

The second bi-monthly meeting of the RBI Monetary Policy Committee started on Wednesday.(Mint Archives)
The second bi-monthly meeting of the RBI Monetary Policy Committee started on Wednesday.(Mint Archives)
Updated on Aug 05, 2022 11:57 AM IST
By | Edited by Swati Bhasin, New Delhi

Congress's ‘anti-inflation’ protest today amid ED probe in National Herald case

Opposition has been raising the issue of inflation ever since the monsoon session began. 

The Congress has been holding protests against the government amid the National Herald case probe against the Gandhis.  (PTI FILE)
The Congress has been holding protests against the government amid the National Herald case probe against the Gandhis.  (PTI FILE)
Published on Aug 05, 2022 07:19 AM IST

'Disappointing…': Opposition reacts on FM's Lok Sabha speech on price rise

The finance minister had said that the global agencies have ranked India's economy as high, adding that the country is still the fastest growing economy.

Congress leader Manish Tiwari lashed out at the government for ignoring the concerns raised by the opposition on Monday.
Congress leader Manish Tiwari lashed out at the government for ignoring the concerns raised by the opposition on Monday.
Published on Aug 01, 2022 09:53 PM IST
By | Written by Nisha Anand | Edited by Aryan Prakash

Govt considers windfall tax on oil and gas giants

The tax, which may be levied when oil prices, for instance, cross a certain level, will boost the government’s finances, and help fund efforts to protect vulnerable sections from rampant inflation.

This is not the first time India is considering a windfall tax. Policymakers flirted with the idea in 2018, and before that in 2008, when oil prices were on a high, and many Indian oil producers made a killing. Both times, the idea was abandoned, after it was strongly opposed by private oil companies. (AFP)
This is not the first time India is considering a windfall tax. Policymakers flirted with the idea in 2018, and before that in 2008, when oil prices were on a high, and many Indian oil producers made a killing. Both times, the idea was abandoned, after it was strongly opposed by private oil companies. (AFP)
Updated on May 27, 2022 05:40 AM IST
ByRajeev Jayaswal, New Delhi

Reboot, not reform, is the key economic challenge

While there is more than enough evidence to show that the BJP under Narendra Modi has managed to buck economic headwinds to its political fortunes, there can be little doubt that both the government and the BJP would like to revive the economy as soon as they can.

What has changed in the eight years of Narendra Modi and his government have spent in power, is that reform, or lack of it, is not the central parameter on which this government is being judged anymore. (BLOOMBERG PHOTO.)(HT_PRINT)
What has changed in the eight years of Narendra Modi and his government have spent in power, is that reform, or lack of it, is not the central parameter on which this government is being judged anymore. (BLOOMBERG PHOTO.)(HT_PRINT)
Updated on May 26, 2022 11:51 AM IST

FY23 consumer inflation likely to hit 7.5%, shoot past RBI ceiling of 6%: Report

The RBI targets inflation in the 2%-6% band and has forecast it to average at 5.7% in the fiscal year to March 2023. That is below economists’ forecasts for an average reading of 6.2% in a Bloomberg survey.

A woman pushes a shopping cart through the grocery aisle. (Photo by Jim WATSON / AFP)(AFP)
A woman pushes a shopping cart through the grocery aisle. (Photo by Jim WATSON / AFP)(AFP)
Published on May 24, 2022 04:58 PM IST
Bloomberg |

In fight against inflation, govt cuts excise on fuel

FM also announces additional fertiliser subsidy of ₹1.10L-cr to aid farmers, ₹200 per LPG refill under Ujjawala scheme to help households

The move will reduce the price of petrol by <span class='webrupee'>₹</span>9.5 per litre. REUTERS (REUTERS)
The move will reduce the price of petrol by 9.5 per litre. REUTERS (REUTERS)
Updated on May 22, 2022 05:07 AM IST
ByRajeev Jayaswal

Navjot Singh Sidhu rides elephant in Patiala to protest against rising inflation

The centre has been fiercely criticised over the issue of rising prices and unemployment.

Congress leader Navjot Singh Sidhu rides an elephant in order to protest over inflation in Patiala
Congress leader Navjot Singh Sidhu rides an elephant in order to protest over inflation in Patiala
Updated on May 19, 2022 03:25 PM IST
Written by Kanishka Singharia | Edited by Chandrashekar Srinivasan

April wholesale inflation surges to 15.08%, up from 14.55% in March 

Wholesale prices rose 15.08% in April from a year earlier, data released by the Commerce Ministry showed Tuesday.

Rising consumer inflation has increased the cost of living for average Indians, who are paying higher prices for a range of commodities, from fuel, electronics and transport to basic food items. (REUTERS File Photo)
Rising consumer inflation has increased the cost of living for average Indians, who are paying higher prices for a range of commodities, from fuel, electronics and transport to basic food items. (REUTERS File Photo)
Published on May 17, 2022 12:30 PM IST
Bloomberg |

Retail inflation rises to 7.8%, highest in 8 years

"Global economy, still in the process of reversing supply-side disruptions caused by the Covid-19 pandemic, would have been far more comfortably placed in the absence of the Russia-Ukraine conflict and the economic sanctions it has led to,” the Department of Economic Affairs said.

Experts believe that this combination of tepid economic activity and high inflation poses serious challenges for the Indian economy going forward.(Sanjeev Verma/HT ARCHIVE)
Experts believe that this combination of tepid economic activity and high inflation poses serious challenges for the Indian economy going forward.(Sanjeev Verma/HT ARCHIVE)
Updated on May 13, 2022 03:10 AM IST

Inflation surges to 8-year high, interest rate hike may be on cards

Retail inflation (CPI) in April soared to a 95-month high on the back of a surge in prices across all major commodity groups. It was way back in May 2014 that CPI inflation was at 8.3 per cent.

Core inflation, which has remained at more than 5 per cent for 24 consecutive months, in April also touched 95-month high at 6.97 per cent.(AFP)
Core inflation, which has remained at more than 5 per cent for 24 consecutive months, in April also touched 95-month high at 6.97 per cent.(AFP)
Published on May 12, 2022 11:02 PM IST
PTI |

Edible oil industry says govt must talk to Indonesia over palm oil ban

Indonesia, which is the world's largest producer of palm oil and meets nearly 50 per cent of the total palm oil requirement in India annually, had announced to ban exports till further notice apparently to contain edible oil prices in their domestic market.

Oil and fats contributed to around 60 per cent of food and beverages inflation in the country.(Representational image)
Oil and fats contributed to around 60 per cent of food and beverages inflation in the country.(Representational image)
Published on Apr 25, 2022 01:14 PM IST
PTI |

Number Theory: India’s growth-inflation challenge in four charts

Earlier this week, the ministry of commerce and industry released the wholesale price index (WPI) for the month of March. At 14.5%, it was the second highest since 2012. Almost all institutional and private forecasts expect tailwinds to inflation and headwinds to growth in the global economy.

IMF’s latest WEO expects Indian economy to grow at 8.2% in 2022-23.(Shutterstock)
IMF’s latest WEO expects Indian economy to grow at 8.2% in 2022-23.(Shutterstock)
Updated on Apr 21, 2022 01:10 PM IST

Wholesale inflation shoots up to 14.5% on pricier fuels

The latest WPI value, which is the second highest in the current series (since April 2012), comes after retail inflation, as measured by the Consumer Price Index (CPI), surprised analysts to grow at 6.95% in March 2022.

A labourer carries a sack of onions at a wholesale market in Kolkata.(REUTERS)
A labourer carries a sack of onions at a wholesale market in Kolkata.(REUTERS)
Updated on Apr 19, 2022 05:04 AM IST

March high inflation rate due to Russia-Ukraine conflict, says government

March inflation: In March 2021, the government had registered a WPI of 7.89 per cent, according to the official figures.

A worker holds a fuel nozzle at a petrol pump in Mumbai (REUTERS)
A worker holds a fuel nozzle at a petrol pump in Mumbai (REUTERS)
Published on Apr 18, 2022 01:37 PM IST

Making sense of inflation and the IIP numbers

The National Statistical Office (NSO) released the numbers for Consumer Price Index (CPI) for March and Index of Industrial Production (IIP) for February on April 12

CPI growth surged to 6.95% in March, and IIP growth was a muted 1.7% in February. (REUTERS PHOTO.)
CPI growth surged to 6.95% in March, and IIP growth was a muted 1.7% in February. (REUTERS PHOTO.)
Updated on Apr 13, 2022 06:56 AM IST

Cost of living rises in India as companies pass on higher prices to consumers

Higher retail fuel prices are also threatening to hurt demand just as the economy returned to its first full-year of growth after the pandemic-induced 6.6% contraction in the fiscal year ended March 2021.

Companies passing on costs will add to inflationary pressures, but the consumer price-targeting RBI has maintained that the current spike is supply driven and best dealt with by the government.(HT file photo)
Companies passing on costs will add to inflationary pressures, but the consumer price-targeting RBI has maintained that the current spike is supply driven and best dealt with by the government.(HT file photo)
Published on Apr 05, 2022 02:35 PM IST
Bloomberg |

Video| In attack on BJP, Jharkhand CM links inflation to female infanticide

Hemant Soren linked inflation to rise in poverty and gender bias, and insisted that it will lead to disarray in the society

Jharkhand chief minister Hemant Soren targeted the BJP-led central government in his latest remarks. (ANI) (File photo)(HT_PRINT)
Jharkhand chief minister Hemant Soren targeted the BJP-led central government in his latest remarks. (ANI) (File photo)(HT_PRINT)
Published on Mar 26, 2022 07:12 AM IST

Rahul Gandhi's fresh attack on BJP after polls: 'Inflation a tax on all Indians'

Earlier on Tuesday, Rahul Gandhi had targeted the centre over the rate cut in provident fund

Congress leader Rahul Gandhi seen in a file photo. (ANI Photo)
Congress leader Rahul Gandhi seen in a file photo. (ANI Photo)
Published on Mar 19, 2022 12:30 PM IST

WPI inflation rises to 13.11% in February due to sharp jump in fuel prices

The annual rate of Wholesale Price Index (WPI) based inflation stood at 4.83 per cent in February 2021.

Prices of food articles declined by 0.87 per cent in February 2022 as compared to January 2022. (File photo)
Prices of food articles declined by 0.87 per cent in February 2022 as compared to January 2022. (File photo)
Published on Mar 14, 2022 03:00 PM IST
ANI |

Global economy heads for a sharp slowdown, India to grow at 8.3%: World Bank

The World Bank’s Global Economic Prospects Report kept its 8.3% growth projection for India in 2021-22 unchanged but upgraded its forecast for 2022-23 and 2023-24 to 8.7% and 6.8%, respectively

The World Bank’s Global Economic Prospects Report upgraded its forecast for the Indian economy for the next two financial years. (REUTERS)
The World Bank’s Global Economic Prospects Report upgraded its forecast for the Indian economy for the next two financial years. (REUTERS)
Published on Jan 11, 2022 09:09 PM IST
By, Hindustan Times, New Delhi

Rahul, Priyanka to address ‘decisive’ rally against inflation in Jaipur today

State chief minister Ashok Gehlot and former Congress leaders from Rajasthan are also expected to attend the "Mehengai Hatao Mahararally," according to a report by PTI.

Priyanka Gandhi Vadra, Rahul Gandhi and Sonia Gandhi (File Photo/PTI)
Priyanka Gandhi Vadra, Rahul Gandhi and Sonia Gandhi (File Photo/PTI)
Published on Dec 12, 2021 06:24 AM IST

Five charts that explain the inflation situation in India

Retail inflation, as measured by the Consumer Price Index (CPI) grew at 4.5% on a year-on-year basis in October.

The Bloomberg Commodity Index – it is a weighted average of prices of energy, grains, industrial and precious metals, cotton and livestock – has increased significantly in the post-pandemic period.(Reuters | Representational image)
The Bloomberg Commodity Index – it is a weighted average of prices of energy, grains, industrial and precious metals, cotton and livestock – has increased significantly in the post-pandemic period.(Reuters | Representational image)
Updated on Nov 22, 2021 01:50 AM IST

Economy on durable path of recovery: RBI

The Indian economy, the article said, is clearly differentiating itself from the global situation, which is marred by supply disruptions, stubborn inflation and surges of infections in various parts of the world.

Notwithstanding the global headwinds, the article said mobility is rapidly improving, the job market is recouping, and overall economic activity is on the cusp of a strengthening revival.(HT File)
Notwithstanding the global headwinds, the article said mobility is rapidly improving, the job market is recouping, and overall economic activity is on the cusp of a strengthening revival.(HT File)
Published on Nov 16, 2021 04:40 AM IST
PTI | , Mumbai

Retail inflation sees marginal uptick, factory output falters

What surprised analysts, however, was the Index of Industrial Production (IIP) which grew at 3.1%, significantly lower than the Bloomberg forecast of 4.8%.

The rise in latest inflation numbers is a result of acceleration in both core and non-core components of the CPI basket. While core-inflation increased from 6% to 6.24%, non-core component went up from 2.42% to 2.63%.(HT File)
The rise in latest inflation numbers is a result of acceleration in both core and non-core components of the CPI basket. While core-inflation increased from 6% to 6.24%, non-core component went up from 2.42% to 2.63%.(HT File)
Published on Nov 13, 2021 07:27 AM IST
By, Hindustan Times, New Delhi

Retail inflation rises to 4.48% in Oct as compared to 4.35% in Sept: Govt data

According to the data released by the National Statistical Office (NSO), inflation in food basket rose to 0.85 per cent in October, compared to 0.68 per cent in the preceding month.

The retail inflation during April-June period of 2022-23 is projected at 5.2 per cent.(Reuters)
The retail inflation during April-June period of 2022-23 is projected at 5.2 per cent.(Reuters)
Published on Nov 12, 2021 06:12 PM IST
PTI |
SHARE
  • 1
  • 2
  • ...
Story Saved
×
Saved Articles
Following
My Reads
My Offers
Sign out
New Delhi 0C
Saturday, January 28, 2023
Start 15 Days Free Trial Subscribe Now
Register Free and get Exciting Deals