Inflation Warning
A sharp rise in wholesale inflation ~ to 9.68 per cent in May ~ is more than a statistical development; it is an early warning of stress building beneath the surface of the economy.
A sharp rise in wholesale inflation ~ to 9.68 per cent in May ~ is more than a statistical development; it is an early warning of stress building beneath the surface of the economy.
The wholesale food inflation was at of 4.49 per cent in May compared to 3.11 per cent in April.
At the rate that eggs are being chucked around these days, “deem” or “anda” sellers are not complaining.
Economists and market participants are closely tracking RBI's latest projections on inflation, growth and crude oil prices as the central bank unveils its policy verdict.
Repeated hikes in CNG, petrol and diesel prices across metro cities are expected to increase commuting and logistics costs, adding fresh pressure on consumers and transport operators.
Dalal Street slipped into sharp losses as geopolitical tensions escalated, pushing oil prices higher and triggering fears around inflation, currency pressure and India’s rising import burden.
India’s central bank has kept borrowing costs steady while signalling caution on global risks, even as domestic demand and services activity continue to support economic momentum.
IMF flags uneven global fallout from conflict, warning energy shocks, supply disruptions and tighter financial conditions could strain poorer economies and deepen global economic uncertainty.
A quiet but consequential shift has just taken place in how India understands inflation. The latest retail inflation reading, the first under a revamped price index, is not merely another data point for economists to debate.
Consequently, the standing deposit facility (SDF) rate remains at 5%, and the marginal standing facility (MSF) rate and the Bank Rate remain at 5.50%.
