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.
Wholesale inflation in India based on the Wholesale Price Index continued to stay in the negative zone for the sixth straight month through September, official data showed on Monday.
Pakistan’s short-term inflation has risen 27.57 per cent on a year-on-year basis for the week ending on August 17 largely due to a surge in petroleum prices, showed the official data released on Friday, Dawn reported.
This decline in the rate of inflation has been attributed to a fall in prices across various sectors, including mineral oils, basic metals, chemical & chemical products, textiles, and food products.
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.
Owing to the sharp increase in electricity and Liquefied Petroleum Gas prices, the short-term inflation witnessed an year-on-year surge of 29.21 percent for the week ending on July 26, according to the official data release on Friday, reported Dawn.
According to the Sensitive Price Index (SPI) for the week ending July 13, sugar retail prices in Karachi were hovering at Rs 138-150 per kg, up from Rs 128-135 the previous week ending June 22, according to Dawn.
Wholesale inflation in India based on the Wholesale Price Index continued to stay in the negative zone for the third straight month in June, besides hitting a fresh multi-year low.
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.