Vegetable prices surge 61%, fuel 7.2% inflation in April

Source: The Economic Times, May 15, 2012

NEW DELHI: Soaring vegetable prices pushed inflation higher in April, while fuel and manufactured product prices sustained their pressure posing a fresh policy challenge and announcing the return of price pressures in Asia’s third-largest economy.

Data released by the commerce & industry ministry on Monday showed the annual rate of inflation, based on monthly wholesale price index, stood at 7.23% for April, 2012, compared to 6.89% for the previous month and 9.74% during the corresponding month of the previous year.

Indian households expect inflation to accelerate

Source: The Hindu Business Line, May 06, 2012

The RBI has forecast an inflation rate of 6.5 per cent by March 2013. But according to its latest Inflation Expectations Survey of Households, most Indians think the inflation rate may well be 12.5 per cent by then.

Around 90 per cent of the households based their responses on expected changes in food prices to arrive at general price expectations.

Not just that: The percentage expecting a rise in inflation now is higher than in the previous round.

Consumer price inflation jumps to 9.47%

Source: Financial Express, Apr 18, 2012

NEW DELHI: India’s annual consumer price inflation (CPI) index jumped to 9.47% in March–exceeding the wholesale price rise of 6.89% for the period–on a spurt in prices of protein-based food products, oils and fats, clothing materials and fuel items.

The consumer inflation rose sharply from 8.83% in February, reflecting immense price pressures in the economy. Retail prices of food and beverages, which account for almost half of the weighting in the CPI index, rose 8.22% in March from a year before, while the cost of fuel and electricity jumped 11.8%, according to the released by the ministry of statistics and programme implementation on Wednesday. Clothing, bedding and footwear turned dearer by the maximum of 12.5% last month.

Retail inflation up at 9.47% in March

Source: Business standard, Apr 19, 2012

New Delhi: A day after the Reserve Bank of India (RBI) cut policy rates by 50 basis points, government data on Wednesday showed retail price inflation shot up to 9.47 per cent in March, compared with 8.83 per cent in the previous month, primarily due to the soaring rise in vegetable prices.

While urban areas saw a steep rise in inflation, 10.3 per cent from 9.45 per cent in February, in rural regions, consumer price index (CPI)-based inflation rose to 8.79 per cent from 8.36 per cent in the previous month.

Inflation falls in March rise in food prices remains a concern

Source: Business standard, Apr 17, 2012

New Delhi: Inflation again presented a difficult situation for the Reserve Bank of India (RBI), ahead of its annual policy for 2012-13, as the rate of price rise for food items approached double digits in March. However, falling manufacturing numbers pulled down overall inflation. The central bank is, however, widely expected to cut policy rates tomorrow.

Retail inflation at 8.83% in Feb

Source: Financial express, Mar 19, 2012

New Delhi: Retail inflation was at 8.83 per cent in February on account of higher prices of protein based items and edible oil products.

Retail inflation, based on the Consumer Price Index, was 7.65 per cent the January, as per the government data release here today.

Food prices push inflation to 6.95%

Source: Business standard, Mar 15, 2012

New Delhi: After showing signs of moderation in the past few months, inflation reared its ugly head once again in February and rose to 6.95 per cent from 6.55 per cent in January. Even so, a break-up of the figures may give conflicting signals to the Reserve Bank of India (RBI) on rate cut in its monetary policy review tomorrow.

Inflation: Reserve Bank of India stuck in damage control mode

Source: The Economic Times, Mar 14, 2012

MUMBAI: Over the past two years, RBI was raising rates in a futile effort to contain stubborn inflation, as the government fumbled on fixing decrepit infrastructure and other supply bottlenecks in the economy.

Now, it has switched to pumping huge amounts of cash into the banking system to cool another government-led crisis, a funding crunch caused by heavy public borrowing to finance popular subsidies on fuel and other goods.

Retail inflation for industrial workers at 5.32% in Jan

Source: Financial express, Mar 01, 2012

New Delhi: The point-to-point retail inflation for industrial workers in January stood at 5.32 per cent as compared to 6.49 per cent in the previous month.

“The point to point rate of inflation based on Consumer Price Index-Industrial Worker for the month of January, 2012 is 5.32 per cent,” an official release said today.

Consumer price inflation at 7.65%

Source: The Times of India, Feb 22, 2012

NEW DELHI: The combined consumer price inflation in January stood at an annual 7.65%, while food and beverages inflation was 4.11%, data released by the Central Statistics office (CSO) showed on Tuesday. This was the first consumer price inflation (CPI) data released by the CSO. There has been a demand to release CPI data as it reflects price pressures better than the numbers based on the wholesale price inflation (WPI) data.