India retail inflation News
The RBI Governor observed that along with robust kharif arrivals, this is expected to set the stage for a durable softening of food inflation.
March witnessed a decrease in food inflation to 8.52 per cent, down from 8.66 percent in February.
Prices of cereals, oil, fats, fruits, beverages as well as clothing and footwear came down in May compared to April.
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.
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.
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.
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'
.
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.
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.
Annual retail inflation in October was higher compared with 3.99% in the previous month and analysts' forecasts.
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.
The earlier lowest inflation was 2.33 percent in November 2018.
Manufacturing sector growth was at 2.7%.
Retail inflation fell to 9-month low of 4.17 percent in July on declining vegetable prices.
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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