Inflation, once thought to be tamed and controlled by the steady hand of central banks, is staging a comeback, and it is not a quiet one. The era of low inflation, marked by decades of economic stability, seems like a distant memory as we grapple with the resurgence of price pressures.
Amidst mixed signals from global peers, investor sentiment remained volatile, influenced by uncertainties surrounding pivotal policy decisions from major central banks, says Vinod Nair, Head of Research, Geojit Financial Services.
This is the third consecutive month of decline in the annual rate of WPI inflation, which had stood at 0.73 per cent in December.
The preference change is despite the fact that 55 per cent of Indians continued to believe their disposable income had been majorly impacted by inflation.
India’s wholesale inflation stood at 0.27 per cent in January, better than 0.73 per cent in the previous month, official data released on Wednesday showed.
The Congress general secretary said privatising and shutting down of Public Sector undertakings led to acute unemployment among the youth of the country.
According to the Union Consumer Ministry, in places where prices have increased significantly, onions are being removed from the buffer stock in both the wholesale and retail sectors
The WPI inflation has remained in the deflationary zone for the sixth month in a row in September, the data revealed.
In the ever-fluctuating realm of economics, forecasts serve as guiding stars for policymakers, investors, and citizens alike.
According to the report, the JI Leader called on the countrymen to come out in protest against rising inflation and inflated electricity bills and make the nationwide strike successful.
