Preliminary data released by the Central Statistics Office on Thursday showed India’s consumer price inflation numbers to have remained steady in September while industrial production rose favourably.
Driven by cooling food prices, India’s annual consumer price inflation eased further to 2.18 per cent in May, from 2.99 per cent in April, government data showed on Monday.
Core inflation stayed at 4.14 per cent, almost at the February level of 4.15 per cent, with some analysts forecasting it may have bottomed out.
Government must step up and translate rate cut into jobs, spending and growth
Inflation has declined but there is no room for complacence. Export sector needs a special push.
Sharply higher food prices drove consumer price inflation to higher-than-expected mark.
Its consumer price inflation is often above India average; Delhis is often below.
The BSE benchmark Sensex has fallen by 2.73 per cent to 18,789.34 so far this month.
Food prices for consumers rose an annual 10.65 percent in May.
India’s annual consumer price inflation slowed to 10.39 percent in March.
Food prices for consumers rose 13.73% in February from 13.36 percent in January.
India’s annual consumer price inflation fell in September.
India’s inflation is being driven by a rise in food prices,govt data showed on Tuesday.
India has the highest retail inflation among the BRICS group of emerging economies.
Indian annual consumer price inflation remained unchanged in May at 10.36%.