September 13, 2022 11:22 am
"From a policy perspective, another month of above-target inflation clears the path for further monetary tightening at the next MPC (Monetary Policy Committee) meeting on 30 September," said Rahul Bajoria, chief India economist at Barclays Bank.
September 12, 2022 10:32 am
Food inflation, which accounts for nearly half the consumer price index (CPI) basket, is expected to have soared as prices of essential crops like wheat, rice and pulses were driven higher by a record heatwave, squeezing household budgets.
August 23, 2022 3:33 pm
“Inflation has peaked and price gains are getting anchored,” Das said in an interview with television channel ET Now on Tuesday, adding that the central bank is watching every incoming data and there’s “no room for complacency.”
August 13, 2022 9:03 am
Notwithstanding the recent moderation in inflation, steady economic recovery within India as well as a worsening balance of payment situation will likely force the RBI to raise repo rates by another 35 to 60 basis points in the remaining months of the current financial year.
June 14, 2022 5:36 am
In May, food and beverages inflation stood at 7.84 per cent as against 8.10 per cent in the previous month. Vegetables and oils and fats inflation stood at 18.26 per cent and 13.26 per cent, respectively, while cereals and products inflation was 5.33 per cent.
May 04, 2022 9:56 pm
It may have surprised the markets, but the move was prudent. More rate hikes are likely to follow
April 14, 2022 9:24 am
The rise in retail inflation in March was driven primarily by food items — the consumer food price index rose to 7.68 per cent, up from 5.85 per cent the month before.
January 12, 2022 10:53 am
The Jan. 4-7 survey of 41 economists showed Indian retail inflation rose to 5.80% last month from 4.91% in November, spending more than two years above the Reserve Bank of India's medium-term target of 4.0%.
April 12, 2021 10:18 am
The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40% in March from a year earlier as opposed to 5.03% in February. Forecasts ranged from 4.60% to 6.11%.
April 01, 2021 12:44 am
As a result of inflation targetting mandate, the RBI has been able to keep consumer price index averaging 3.9 per cent during October 2016-March 2020.