According to the provisional figures provided by the NSO, the retail inflation, based on the Consumer Price Index (General), stood at 5.09 per cent in February 2024.
Released by the Ministry of Labour and Employment (MoLE), the CPI for Agricultural Labourers now stands at 1258 points, while the CPI for Rural Labourers stands at 1268 points, both based on the 1986-87=100 base year.
Retail inflation in India declined to 5.10 per cent in January due to an easing in food prices, according to the data released by the government on Monday
Indian stock indices started fresh week marginally higher, extending gains from the past week, with investors eyeing retail inflation data for January to be released later in the day.
Minister Vikramarka said, " I am proposing an amount Rs 2,543 crores, for the industries department in this budget, Rs 774 crores, in this budget for information technology, Rs 40,080 crores, for panchayat raj and rural development, Rs 11,692 crores, for the municipal administration, Rs 19,7
Further underscoring the mounting challenges faced by the Chinese economy, the consumer prices slid deeper into deflationary territory last month, suffering the biggest drop since the global recession in 2009.
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.
India, now crowned as the most populous nation globally, holds a trump card in its youthful demographic structure. With a median age of 27, the country anticipates significant economic benefits, driven by a working-age population set to grow by approximately 7 million annually until 2041.
The All Pakistan Business Forum (APBF) President has said that the inflation measured by the Sensitive Price Indicator (SPI) continued to witness a rise.