Once the CPI comes under control for fruits, vegetables, spices, and cereals, headline inflation is expected to drastically reduce to come near the mid-point of the RBI inflation target of 4 per cent, said SBI Research in a report.
Retail inflation in India rose at its fastest pace in four months in December 2023, largely due to a spike in cereals and products and eggs. Sub-index for vegetables though declined substantially.
Retail inflation in India continued to ease through October, supported by a relative decline in some of the sub-indexes. The October consumer price index (CPI) came at a four-month low of 4.87 per cent against 5.02 per cent the previous month, official data showed.
According to the rating agency’s report, food inflation in India, which accounts for a sizeable 39 per cent of the headline Consumer Price Index (CPI), is showing renewed signs of pressure.
According to figures from the Pakistan Bureau of Statistics (PBS), consumer price index (CPI)-based inflation reached 36.4 per cent in April 2023 while rising 1.6 per cent month-over-month (MoM) in May.
According to figures from the Pakistan Bureau of Statistics (PBS), CPI-based inflation reached 36.4 per cent in April 2023 while rising 1.6 per cent month-over-month (MoM) in May.
Retired government employees in Pakistan-occupied Kashmir's (PoK's) Muzaffarabad town took to the streets demanding a rise in pension and medical allowance as inflation has taken a heavy toll on their everyday lifestyle.
According to The News International, Consumer Price Index (CPI) inflation in January 2023 accelerated to 27.55 per cent from 24.47 per cent a month earlier, as the unprecedented surge in food items' prices in the month jacked up the general inflation.
New Delhi [India], October 12 (ANI): India's retail inflation surged to 7.41 per cent in September, remaining above the Reserve Bank of India's mandated range of 2-6 per cent for the third straight quarter that would force the central bank to explain to the government the reasons for not bei
New Delhi [India], September 12 (ANI): India's retail inflation rose to 7 per cent in August from 6.71 per cent in the previous month due to a sharp rise in food prices, as per the government data released on Monday.
Islamabad [Pakistan], September 2 (ANI): Owing to rising food and energy prices in Pakistan, the Consumer Price Index (CPI) in the country has surged to a nearly 49-year high of 27.3 per cent in August, media reports said citing official data.
New Delhi [India], August 12 (ANI): India's headline retail inflation fell to 6.71 per cent in July, the lowest level in five months, helped by an easing in food and oil prices, as per the National Statistical Office (NSO) data released on Friday.