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.
The Wholesale Price Index (WPI) based inflation for September was recorded at 0.13%, driven by increase in prices of manufacture of food products, other manufacturing, non-food articles, other transport equipment and textiles etc.
In comparison to August, there is a decrease of 53 basis points in headline inflation.
It said the food inflation for August stood at -0.69%, rising 107 basis points compared to July. Corresponding inflation rates for rural and urban areas are -0.70% and -0.58%, respectively.
India’s annual rate of inflation based on the All India Wholesale Price Index (WPI) number fell to a two-year low of -0.58 per cent in July, staying in negative territory for the second consecutive month.
India’s wholesale inflation eased to 0.13 per cent in June on an annual basis, marking the lowest rate recorded since October 2023, government data said on Monday. Notably, it was down at a 14-month low of 0.39 per cent in May.
