Search Result for : Retail Inflation Data

The Dollar Business Bureau According to the Japanese financial services major Nomura’s report, India’s retail inflation is likely to touch 4.4% in the second half of 2017. This will in all likelihood be driven by the food prices and the base effect, the report specified. Although inflation has bottomed during the medium term, the report says that it is likely to see a significant uptrend and rise above RBI’s estimated target. In its research note Nomura says, “In India, we expect CPI (Consumer Price Index) inflation to rise well above the Reserve Bank of India's mid-point target (4%), with core inflation rising to 6.3% in 2018, led by rural wages, minimum support prices, a closing output gap and the supply demand cobweb model ...

By Abin Daya Dropping inflation and dropping industrial growth – signs of a slowing economy? It might be too early to tell, but it definitely has raised calls from multiple quarters, even from within the government for a rate cut by RBI. We will have to wait and see if the regulator obliges, as there is one school of thought that the low CPI inflation is due to the high base of last year, and hence RBI might wish to wait and see for a couple of months more. Policy announcements have a habit of going against expectations in the recent past, hence we will refrain from making any predictions on the same. This week we talk about the two inflations – ...

PTI Impacted by note ban, retail inflation fell to multi-year low of 3.17 per cent in January and may prompt the Reserve Bank to have a re-look at its hawkish monetary stance in the next policy due in April. Retail inflation has declined because of the impact of cash crunch following demonetisation of old Rs 500 and Rs 1000 notes with effect from November 9, 2016, experts said. In its policy last week, RBI retained the benchmark interest rate and changed the stance from 'accommodative' to 'neutral', indicating that there won't be any rate cut in near term. It may however have to review its policy stance in the wake of retail inflation touching multi-year low in January. ...

The Dollar Business Bureau Retail inflation dropped sharply for the second consecutive month in September, reaching a 13-month low endorsing the Reserve Bank of India’s (RBI) decision for an interest rate cut in anticipation for such a development.   The data issued by the Central Statistics Office on Thursday showed the combined consumer inflation rate at 4.31 percent for the month of September compared to 5.05 percent in August and 6.07 percent in July. The drop was because of a sharp decline in food inflation to 3.88 percent in September as against 5.91 percent in August.  The latest data raises hopes of a further cut in rates as the inflation outlook could be benign for around six months and there is a good chance ...

The Dollar Business Bureau India’s retail inflation slowed to 5.5% in August, the sharpest in over five months after recording 6% in July, thereby giving the Reserve Bank of India window to undertake policy rate cut in its upcoming monetary review later this year. Food inflation went up 5.91% but vegetable inflation cooled down to 1.02% last month from a 14% sharp increase in July.  The indices of industrial production for the mining, manufacturing and electricity, however, for July registered a negative growth of 0.8%, 3.4% and 1.6% over the corresponding period of last year. The cumulative growth of these three sectors during April-July 2016 stood at 2.0%, (-1.4) % and 7.1% respectively, over the corresponding period of last year. In terms of industries, ...

The Dollar Business Bureau The Reserve Bank Governor Raghuram G Rajan has maintained status quo by holding the key rates in the third bi-monthly monetary policy statement for FY 2016-17. The RBI has retained repo rate under the liquidity adjustment facility (LAF) at 6.5%, cash reserve ratio (CRR) of scheduled banks at 4%, reverse repo rate under the LAF at 6%, marginal standing facility (MSF) rate and the Bank Rate at 7% each. The more-than-anticipated upsurge in food prices has increased the trajectory of retail inflation to 22-month high in June. Prices of pulses and cereals are increasing continuously. The inflation, excluding food and fuel, is likely to grow. Under these inflation risks, it is appropriate to keep the repo rate unchanged. Easy liquidity ...

The Dollar Business Bureau Retail inflation accelerated to a 21-month high of 5.76 percent in May due to rising food prices, including vegetables, making it unlikely for RBI to cut rates in the coming months. Based on the Consumer Price Index (CPI), retail inflation, which takes into account the rate of yearly price change, was at 5.47 per cent in April. Retail inflation was at 5.01 percent in May 2015, while in in August 2014, consumer inflation stood at 7.8 percent. According to government data, among the items measured for consumer inflation vegetables, recorded the steepest price surge at 10.77 percent in May against the 4.82 percent in April. Items rich in protein also witnessed a rise in prices: fruits 2.64 per cent, eggs ...

 Source: PTI WPI inflation remained in the negative zone for a 16th straight month at (-)0.91 per cent in February as food articles, mainly vegetables and pulses turned cheaper. The Wholesale Price Index-based inflation was (-)0.9 per cent in January. In February last year, it was (-)2.17 per cent. This is the 16th straight month since November 2014 when deflationary pressure has persisted. Food inflation stood at 3.35 per cent in February compared with 6.02 per cent in January, showed official data, which was released on Monday. Inflation in pulses and onion eased to 38.84 per cent and (-)13.22 per cent, respectively. The rate of price rise in the case of vegetables was (-)3.34 per cent, and for fruits, it stood ...