India Price Rise News

On the basis of Wholesale Price Index (WPI), inflation was 5.13 percent in September and 3.68 percent in October last year.

The index for fuel and power group rose by 2.2 percent to 107.2 from 104.9 for the previous month.

While markets have already priced in one rate hike in the months ahead, further hikes could put a damper on growth as Asia`s third-largest economy goes into an election year.

The Wholesale Price Index (WPI) based inflation stood at 3.18 percent in April and 2.26 percent in May last year.

According to Dun & Bradstreet, rising fuel prices in India, which touched an all-time high, is likely to feed in to other segments and keep the rate of inflation higher.

On RBI's policy stance, the report said, the RBI has enough reasons to raise rates by 50 bps in this cycle.

India`s retail inflation is expected to have picked up slightly in July after cooling in the previous three months, a Reuters poll showed, but likely remained well below the central bank`s 4 percent medium-term target.

As wholesale prices inched up to a two-year high of 3.74 percent in August, industry experts anticipate a further rise in coming months, leaving little room for interest rate cut.

Wholesale inflation soared to a two-year high of 3.74 percent in August as pulses and manufactured items showed uptick in prices even as vegetable prices witnessed some moderation.

Wholesale inflation soared to 3.74 percent in August as vegetables, pulses and sugar turned costlier.

Raising concerns about cost of credit and pick up in economic activity, retail inflation soared to 23-month high of 6.07 percent in July on higher food prices, while factory output grew at a subdued rate of 2.1 percent in June.

The retail inflation, measured on Consumer Price Index (CPI), in February was revised upwards to 5.26 percent from 5.18.

Showing some signs of relief, retail inflation felt to 4.83 percent in March as compared to 5.18 percent in February.

When it comes to inflation, the year 2015 has shown that the macroeconomic datapoints may not always show the real picture.

Despite inflation falling to record lows, Prime Minister Narendra Modi today promised to continue the war on prices to bring rates further down as a measure to boost economy and provide relief to the common man.

Indian data on Friday is expected to paint a grim picture of the economy and could reinforce doubts about the health of the world`s fastest growing major economy.

Decline in global prices of commodities has helped in checking rise in domestic prices even as the government took several steps to provide relief to consumers from high food inflation, Parliament was informed on Friday.

Inflation data based on wholesale price index (WPI) in January stood at -0.39 percent as against 0.11 percent last month, government data showed on Monday.

January CPI inflation rose to 5.11 percent as against 4.28 percent month on month, government data said on Thursday.

It so happened in 2014 that inflation hit a perfect-zero for wholesale prices and the retail one also more than halved to 4.4 percent, still it was not good enough for the much-awaited cut in interest rates.