The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures. According to a report by the Union Bank of India, retail inflation based on the Consumer Price Index is seen jumping to 6.15 per cent, breaching RBI's 6 per cent t
India's Consumer Price Index (CPI)-based inflation rate for September reached 5.49 per cent from 3.65 per cent in August, reflecting an uptick primarily due to higher food prices
In terms of the overall WPI, the index for all commodities reached 154.6 in September 2024, registering a modest monthly increase of 0.06 per cent from the 154.5 recorded in August.
In light of the recent 50 basis points (bps) rate cut by the US Federal Reserve, the Reserve Bank of India (RBI) may consider a similar move, potentially announcing a rate cut by February 2025, according to a report by SBI Research.
The National Coal Index (NCI) is a composite price index that reflects coal prices across various sales channels, including Notified Prices, Auction Prices, and Import Prices.
According to data released by the Ministry of Statistics and Programme Implementation on Monday, retail inflation or Consumer Price Index in July was at 3.54 per cent.
The Consumer Price Index for industrial workers surged marginally in June by 1.5 points to 141.4 however, the consumer price inflation for industrial workers declined marginally to 3.67 per cent in June from 3.86 per cent in May 2024.
Recent data indicates that the Consumer Price Index (CPI) inflation rose to 5.08 per cent in June 2024, driven primarily by higher food and beverage prices.
The consumer price inflation (CPI) for agricultural labourers (AL) and rural labourers (RL) has surged to 7.02 per cent and 7.04 per cent year-on-year in June 2024, highlights the latest data from the Ministry of Labour & Employment.
The global energy price index experienced a sharp decline in FY24. On the other hand, the Central Government announced price cuts for LPG, petrol, and diesel. As a result, retail fuel inflation stayed low in FY24, the Survey said.
According to CRISIL report, the increase in food prices, particularly vegetables, cereals, milk, and fruits, has been a significant contributor to this uptick.