The outlook for food inflation in India has turned decisively positive over the recent correction in vegetable prices, coupled with estimates of a record wheat and higher pulses production, the Minutes of the latest RBI monetary policy said.
"With benign inflation this month and going forward, we expect a cumulative rate cut over the cycle could be at least 75 basis points, with successive rate cuts in next policy April and June 2025. With an intervening gap in Aug'25, the rate cuts cycle could restart from Oct'25, says the repo
India's inflation outlook appears favorable, with the possibility of aligning with the Reserve Bank of India's (RBI) 4 per cent target in the coming months, highlighted a report by Bank of Baroda.
Inflation in India is expected to ease in the coming months, with Consumer Price Index (CPI) inflation projected to remain in the range of 4.2-4.5 per cent in the fourth quarter of FY25, according to a report by Bank of Baroda.
December data indicates further corrections in vegetable prices, while favorable soil moisture and reservoir levels are expected to support a robust Rabi harvest. Additionally, benign global food and energy prices are expected to keep food inflation risks low in the near term.
India's Consumer Price Index (CPI) inflation is expected to ease to 5.4 per cent in November 2024, down from 6.2 per cent in October, according to a report by Union Bank of India.
The all-India average retail prices as on 14th November, 2024 was Rs 52.35 per kg which is 22.4 per cent lower than Rs 67.50 per kg on 14th October, 2024.
The prices of onion continue to remain high in November while other vegetable prices are seeing a dip of 4.1 per cent MoM in Nov so far, highlighted a report by ICICI Bank.
She said, "There is a situation of concern about the way onion prices have increased steadily in the retail market. Whether steps have been taken by the government. I would like to tell you that below our national average, there are many major states whose prices are privileging whether it i
India's retail inflation rose to a 14-month high of 6.21 per cent in October, up from 5.49 per cent in August. On the back of rising vegetable prices food inflation galloped and rose in double digits for the first time in fifteen months to 10.87 per cent from 9.2 per cent in the previous mon