WPI inflation eases marginally to 2.47% in March

download (3)Source: The Hindu Business Line, Apr 16, 2018

New Delhi: The Wholesale Price Index (WPI)-based inflation came in at 2.47 per cent for March 2018, below market expectations. This latest WPI inflation print is the lowest since July 2017. In February this year, WPI inflation had come in at 2.48 per cent.

It may be recalled that WPI had come in at 5.11 per cent in March last year.Meanwhile, manufactured products inflation for March 2018 came in at 3.03 per cent, lower than 3.22 per cent in the same month last year. Food articles inflation contracted in March 2018 at 0.29 per cent.

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Retail inflation expected to be five-month low as food prices drop

download (2).jpgSource: Business Standard, Apr 11, 2018

Indian retail inflation was expected to have eased to a five-month low in March as increases in food prices slowed once again but remained above the central bank’s medium-term target, a Reuters poll found.

That, coupled with the latest data which showed Asia’s third-largest economy beat China to regain top spot as the fastest growing major economy. That should give policymakers some relief as they seek to keep inflation under control without hurting growth.

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RBI lowers inflation target for first half of FY19 to 4.7-5.1 per cent

download (2)Source: The Economic Times, Apr 05, 2018

MUMBAI: The Reserve Bank today lowered retail inflation target for the first half of current fiscal to 4.7-5.1 per cent on sharp moderation in food price rise and likelihood of a normal monsoon.

Its bi-monthly policy review in February, RBI had projected inflation in the 5.1-5.6 per cent range in the first half of 2018-19.

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Retail inflation soften, industrial production grows

Source: The Hindu Business Line, Mar 12, 2018

New Delhi: In what may be seen as improving economic conditions, retail inflation in February eased to 4.4 per cent while industrial production jumped up 7.5 per cent in January.Retail inflation was at 5.07 per cent in January while the Index of Industrial Production grew by 7.1 per cent in December.

According to the data released on Monday, food inflation was at 3.26 per cent in February.

 IIP

Meanwhile, on a cumulative basis, the IIP grew by 4.1 per cent between April and January 2017-18, which was lower than the 5 per cent growth in the same period a year ago.In January, manufacturing grew by a robust 8.7 per cent, followed by 7.6 per cent increase in electricity generation. However, mining grew by a mere 0.1 per cent in the month.

CPI inflation to trend higher

download (1).jpgSource: Business Standard, Feb 26, 2018

New Delhi: Inflation is expected to trend higher and though RBI may keep policy rates on hold in 2018-19, there are also increasing chances of a rate hike, says a UBS report.

According to the global financial services major, minutes from the February 7 meet of Monetary Policy Committee (MPC) seem “hawkish”, and highlight upside risks to inflation.The Reserve Bank kept the key policy rate unchanged at 6 per cent for the third consecutive time in the last policy meet in view of the firming inflation.

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WPI inflation at 6-month low on cheaper food, fuel

download (3).jpgSource: The Hindu Business Line, Feb 15, 2018

New Delhi: Wholesale inflation eased to a six-month low in January as food articles including fruits and vegetables as well as fuel became cheaper.Data released on Thursday showed that wholesale price index-based inflation stood at 2.84 per cent in January as against 3.58 per cent in December. It was 4.26 per cent in January 2017.

Inflation based on the WPI food index also decreased from 2.91per cent in December, 2017 to 1.65 per cent in January, 2018.

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Retail inflation eases to 5.07% in Jan

download (1)Source: Business Standard, Feb 13, 2018

New Delhi: The economy continued to witness high growth in industrial production in December and retail price inflation in January, despite both declining from their 17-month highs seen in the previous month.

Despite persisting double-digit growth in capital goods and fast-moving consumer goods, the Index of Industrial Production (IIP) expanded at a slower pace of 7.1 per cent in December, from the upward revised 8.8 per cent in November. Provisional estimates had put the November growth at 8.4 per cent. Infrastructure and construction grew 6.7 per cent, against 13.89 per cent in November.

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