Prices of cereals rose by 10.27 per cent and vegetables by 17.7 per cent in November on a year-on-year basis. Pulses were up by 20.23 per cent, spices by 21.55 per cent and fruit prices were up 10.95 per cent last month, official data released by the Ministry of Statistics and Programme Impl
According to the JP Morgan report, over the past year, concerns about higher interest rates and the potential for an economic slowdown have impacted both credit availability and demand.
The US' consumer price inflation slowed to 3.32 per cent in October, snapping its steady climb over for the last two months, CNN reported, adding that the decline has come as a huge sigh of relief for American consumers, who have been grappling with rising prices of essential commodities
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.
The Indian economy is projected to grow by 6.3 per cent in FY24 with a minimum and maximum growth estimate of 6.0 per cent and 6.6 per cent respectively, according to the latest Economic Outlook Survey released by the Federation of Indian Chambers of Commerce and Industry (FICCI) on Monday.
Consumer prices in the 20 countries that use the euro rose 5.3 per cent on average this month compared with a year ago, showed preliminary estimates by Europe’s statistics office, CNN reported.
The Chinese economy has slipped into deflation, with consumer prices falling for the first time in more than years in another sign of weakening demand, CNN reported on Wednesday.
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.
SBI Research, in its latest 'Ecowrap' report, noted that a continued vigil on the evolving inflation outlook is warranted given the erratic progress of monsoon and its impact on Kharif crop sowing, and subsequently on overall food inflation.
The rise in inflation could partly be attributed to the current spurt in tomato prices across India. The rise in tomato prices is reported across the country, and not just limited to a particular region or geography. In key cities, it rose to as high as Rs 150-160 per kg. Besides vegetables,