The recent above normal rainfall and a significant cut in import duties on edible oils are expected to support easing food inflation in the coming months, according to a report by Union Bank of India.
Retail inflation, or the Consumer Price Index (CPI), will continue to moderate to 3.0 per cent in May, a six-year low, mainly due to the sequential moderation in prices of cereals and pulses even as most other segments started to strengthen, according to a Union Bank of India (UBI) report.
The Reserve Bank of India (RBI) has expressed confidence in aligning headline inflation with its target of 4.0 per cent over a 12-month horizon, supported by easing food prices and favourable economic conditions.
The ongoing global tariff wars and the continued rise in gold prices will significantly impact the overall consumer price index (CPI) in the upcoming months, even if food prices remain stable, according to a report by the Union Bank of India (UBI).
Wholesale Price Index (WPI) inflation is expected to ease to 2.1 per cent year-on-year in March 2025, down from 2.4 per cent in February, mainly due to a seasonal decline in food prices, according to a report by Union Bank of India.
India's Wholesale Price Index (WPI) inflation is expected to decline to 2 per cent in February 2025 from 2.3 per cent in January, primarily due to a drop in oil prices and a seasonal decline in food prices, according to a report by Union Bank of India.
The cost of a home-cooked vegetarian thali declined by 1 per cent year-on-year (YoY) in February, while the price of a non-vegetarian thali increased by around 6 per cent, according to a report by Crisil.
The Economic Survey tabled in Parliament on Friday, aligns with RBI's projection of headline inflation for FY26 at 4.2 per cent and 4.8 per cent in the current fiscal ahead of the Union Budget to be presented on Saturday.
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) could consider a rate cut in February if food inflation declines in January, says a report by ICICI Bank.