WPI inflation eases to 0.33% in September on cheaper non-food articles

Source: Business Standard, Oct 14, 2019

New Delhi: Wholesale prices based inflation eased to 0.33 per cent in September, as against 1.08 per cent in August due to fall in prices of non-food articles, government data showed on Monday.

The annual rate of inflation, based on monthly wholesale price index (WPI), was at 5.22 per cent in September 2018.

The rate of price rise for the food articles was at 7.47 per cent during the month, while that for non-food articles stood at 2.18 per cent, showed the data released by the Ministry of Commerce and Industry.

Retail inflation spikes to 3.99% on costlier food

Source: The Economic Times, Oct 14, 2019

New Delhi: Retail inflation inched closer to the Reserve Bank of India’s medium-term target of 4% in September for the first time in 14 months on higher food prices, although economists maintain that the economic slowdown will prompt a sixth consecutive interest rate cut in December.

Wholesale inflation eased to its lowest level in more than three years. Retail inflation accelerated to 3.99% last month, data released by the statistics office showed on Monday, compared with 3.28% in August. Inflation as measured by the Consumer Price Index was 3.7% in September 2018. Read the rest of this entry »

How rural inflation is playing out

Source: The Hindu Business Line, Sept. 17, 2019

CPI Inflation in August came in at benign 3.21 per cent, although it recorded a marginal uptick from July. A deeper look at the numbers brings out the widening disparity between the urban and rural inflation.

Rural inflation in August was almost half of urban retail inflation. With the headline CPI inflation being well below RBI’s targeted 4 per cent and rural inflation too trending lower than urban, further rate cuts to boost demand and growth may be needed. Read the rest of this entry »

WPI remains unchanged at 1.08% in August

Source: The Economic Times, Sept 16, 2019

Wholesale inflation remained at 1.08% in August, the same level as the previous month, government data showed on Monday. In July, wholesale inflation as measured by the Wholesale Price Index (WPI), was at a 25-month low of 1.08%.

It was 4.62% in August last year.

Inflation in fuel and power declined 4% from a 3.64% fall in July and that in manufactured products was flat from a 0.34% growth in the trailing month. Read the rest of this entry »

CPI inflation rises marginally to 3.2% in August on back of food prices

Source: Business Standard, Sept 12, 2019

New Delhi: Consumer price index-based inflation (CPI) for August crept up slightly to 3.21 per cent year-on-year, compared with 3.15 per cent in July, driven by a sharp rise in food prices. The latest print is still comfortably below the Reserve Bank of India’s (RBI’s) 4 per cent mark, and thus analysts continue to expect further rate cuts by the Monetary Policy Committee.

Consumer food price inflation (CFPI) for August rose to 2.99 per cent from 2.36 per cent in July, official data released on Thursday showed. CPI for August 2018 was 3.69 per cent, while CFPI was 0.29 per cent. Read the rest of this entry »

July retail inflation at 3.15%, experts advise caution on floods

Source: The Economic Times, Aug 13, 2019

Consumer price index-based retail inflation eased marginally to 3.15 per cent in July on the back of softening fuel and light prices, even as overall food prices moved up, government data showed on Tuesday.

Retail inflation was 3.18 per cent in June 2019, while it stood at 4.17 per cent in year-ago period (July 2018).

The overall food inflation, measured on Consumer Food Price Index (CFPI), moved up to 2.36 per cent during July from the revised 2.25 per cent print for June 2019, as per data released by the Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation. Read the rest of this entry »

India’s inflation rose to nine-month high in July over food prices: Report

Source: Business Standard, Aug 07, 2019

Bengaluru: India’s retail inflation rose for the sixth straight month in July – the longest stretch of monthly increases since January 2016 – to a nine-month high, largely due to a continued rise in food prices, a Reuters poll predicted.

Despite rising, inflation is expected to remain below the Reserve Bank of India’s medium-term target of 4%, clearing the way for more policy easing.

The July 31-Aug. 6 poll of 30 economists showed retail inflation rose to 3.20% in July from a year ago, a touch above June’s 3.18%.

The expected rise in inflation was mainly based on an increase in food prices and fuel costs – the biggest components of the consumer price index. Food prices have risen due to lower-than-expected monsoon rains over the past two months. Read the rest of this entry »