According to the latest data released by the ministry of statistics, the retail inflation during the month of December was at 5.72 per cent. The latest figures, released on Thursday, showed a marginal decline and further moderation in retail inflation as compared with the previous month.
India's wholesale inflation based on the Wholesale Price Index for the month of November was at 5.85 per cent (provisional), against previous month's print of 8.39 per cen.
The Reserve Bank of India's three-day monetary policy committee meeting is set to commence today. Financial markets will be keenly watching the committee's rate hike stance if any, as inflation is still above the 6 per cent target band.
Morgan Stanley expects India's retail inflation to moderate to 5.4 per cent in 2023-24 and to 4.8 per cent in 2024-25 from 6.6 per cent in the current financial year 2022-23.
In the wake of rising CNG fares in Delhi over the last few months, the Delhi Government Friday approved the revised fare for Auto Rickshaw and Taxi in Delhi. This comes as a relief to nearly two lac Auto Rickshaw and Taxi drivers who had to bear more cost due to recent hikes in the CNG price
New Delhi [India], October 17 (ANI): Indian stock indices fell marginally in early trade on Monday tracking weak cues from US markets, which apparently declined due to persistently high inflation in the country and the subsequent monetary policy tightening.
New Delhi [India], October 14 (ANI): Indian stocks jumped sharply on Friday morning tracking positive cues from benchmark US markets - which rose despite inflation remaining elevated in the country in September.
New Delhi [India], October 13 (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 - nine straight months.
Mumbai [India], September 30 (ANI): The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies.
New Delhi [India], September 14 (ANI): India's wholesale inflation declined further during the month of August to 12.41 per cent from 13.93 per cent the previous month, but continues to remain in double digits, official data released on Wednesday showed.
New Delhi [India], September 13 (ANI): India's retail inflation rose to 7 per cent in August from 6.71 per cent the previous month due to a sharp rise in food prices, as per the government data released on Monday.