Retail inflation in India rose at its fastest pace in four months in December 2023, largely due to a spike in cereals and products and eggs. Sub-index for vegetables though declined substantially.
Uncertainties in food prices along with unfavourable base effects are likely to lead to a pick-up in retail inflation in November and December, the monetary policy committee of the Reserve Bank of India observed in their latest review meeting.
Wholesale inflation in India, based on the Wholesale Price Index, is back in positive territory after staying in the negative zone for the seventh straight month until October.
Prices of cereals rose by 10.27 per cent and vegetables by 17.7 per cent in November on a year-on-year basis. Pulses were up by 20.23 per cent, spices by 21.55 per cent and fruit prices were up 10.95 per cent last month, official data released by the Ministry of Statistics and Programme Impl
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.
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.
Retail inflation in India rose sharply in July to 7.44 per cent and in the process breached RBI's 6 per cent upper tolerance target, largely due to a sharp spurt in vegetable, fruit, and pulses prices.
In its bid to give further relief to consumers, the central government on Monday said it has directed its marketing agencies to sell tomatoes at Rs 50 per kg instead of Rs 70 starting Tuesday.
Retail inflation in India rose sharply in July to 7.44 per cent and in the process breached RBI's 6 per cent upper tolerance target, largely due to a sharp spurt in vegetable, fruits, and pulses prices.
The Reserve Bank of India has upwardly revised the country’s retail inflation projections for 2023-24 at 5.4 per cent, against 5.1 per cent it projected in its previous monetary policy meeting in June.
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.