Nomura, in its latest report, expects CPI inflation to "drift gradually higher in the coming months" following the transition to a 2024 base year. This overhaul includes updated weights that prioritize core categories over staple foods and introduces significant methodological upgrades to da
The recent depreciation in the Indian Rupee is unlikely to have any significant impact on CPI inflation in the country, as India has a low dependence on imports for food products, highlighted a report by Bank of Baroda.
GST 2.0 is set to almost triple the share of items taxed at 5 per cent, rising from 54 consumption categories under GST 1.0 to 149 categories under GST 2.0, as per a recent study by FICCI CASCADE. For rural households, the share of exempt and merit goods in their consumption basket will rise
The company said its business delivered steady growth across consumption baskets, with the grocery business growing 65 per cent year-on-year, fashion and lifestyle surging 13 per cent y-o-y and consumer electronics excluding devices increasing 45 per cent y-o-y.