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India retail inflation News

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The RBI Governor observed that along with robust kharif arrivals, this is expected to set the stage for a durable softening of food inflation. 
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March witnessed a decrease in food inflation to 8.52 per cent, down from 8.66 percent in February.
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Prices of cereals, oil, fats, fruits, beverages as well as clothing and footwear came down in May compared to April.
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Retail Inflation showed a downward trend in December 2022. Now retail inflation rose to a three-month high. Now the retail inflation is 6.52 percent.
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India's retail inflation during the month of December was at 5.72%. The data was released by the ministry of statistics today. The latest figures showed a marginal decline and further moderation in retail inflation.
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Retail Inflation eases to 6.77% in October: Govt Data. India's retail inflation rose to 5-month high to 7.41% in September month. Wholesale price Index-based Inflation eases too in October.
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The inflation in the vegetable segment was 20.73% in Sept, significantly up from 11.41% in the preceding month. Similarly, the rate of price rise in the fruits was high over August Data showed that the rate of price rise in the protein-rich eggs was 15.47% in Sept compared to 10.11% in August The retail inflation was also high month-on-month in 'meat and fish', and 'pulses and products', but it was lower in 'cereals and products' and 'milk and products' .
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The government has asked the RBI to restrict the inflation around 4 per cent, with a margin of 2 per cent on the either side. The retail inflation was ruling above 6 per cent since December 2019.
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The CPI-based inflation has been on the rise since August 2019, and it is for the first time it has moved southward since then.
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Annual retail inflation in October was higher compared with 3.99% in the previous month and analysts' forecasts.
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The inflation based on Consumer Price Index (CPI) was 2.57 percent in February this year. On yearly basis, it was 4.28 percent in March 2018.
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The earlier lowest inflation was 2.33 percent in November 2018.
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Retail inflation fell to 9-month low of 4.17 percent in July on declining vegetable prices.
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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.






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