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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.
Published on Dec 12, 2022 06:05 PM IST
PTI | | Posted by Singh Rahul Sunilkumar
The IMF's revised global forecast is 0.2 points down from July expectations and the growth profile is the 'weakest' since 2001
Congress-Halla Bol Protest: The pan-India protest has been launched against inflation.
Congress is holding pan-India “Halla Bol” protests on 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.
Opposition has been raising the issue of inflation ever since the monsoon session began.
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.
Published on Aug 01, 2022 09:53 PM IST
HT News Desk | Written by Nisha Anand | Edited by Aryan Prakash
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.
Updated on May 27, 2022 05:40 AM IST
, New DelhiRajeev Jayaswal
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.
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.
Published on May 24, 2022 04:58 PM IST
FM also announces additional fertiliser subsidy of ₹1.10L-cr to aid farmers, ₹200 per LPG refill under Ujjawala scheme to help households
Updated on May 22, 2022 05:07 AM IST
The centre has been fiercely criticised over the issue of rising prices and unemployment.
Updated on May 19, 2022 03:25 PM IST
Written by Kanishka Singharia | Edited by Chandrashekar Srinivasan
Wholesale prices rose 15.08% in April from a year earlier, data released by the Commerce Ministry showed Tuesday.
Published on May 17, 2022 12:30 PM IST
"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.
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.
Published on May 12, 2022 11:02 PM IST
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.
Published on Apr 25, 2022 01:14 PM IST
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.
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.
March inflation: In March 2021, the government had registered a WPI of 7.89 per cent, according to the official figures.
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
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.
Published on Apr 05, 2022 02:35 PM IST
Hemant Soren linked inflation to rise in poverty and gender bias, and insisted that it will lead to disarray in the society
Earlier on Tuesday, Rahul Gandhi had targeted the centre over the rate cut in provident fund
The annual rate of Wholesale Price Index (WPI) based inflation stood at 4.83 per cent in February 2021.
Published on Mar 14, 2022 03:00 PM IST
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
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.
Retail inflation, as measured by the Consumer Price Index (CPI) grew at 4.5% on a year-on-year basis in October.
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.
Published on Nov 16, 2021 04:40 AM IST
PTI | , Mumbai
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%.
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.
Published on Nov 12, 2021 06:12 PM IST