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Monday, May 16, 2022

retail inflation

RETAIL INFLATION NEWS

Daily Briefing: Retail inflation at 8-year high; Congress' Chintan Shivir to begin today

May 13, 2022 7:27 am

Militants barged into a government office in central Kashmir’s Budgam district and fatally shot a Kashmiri Pandit employee, Rahul Bhat — the third attack against the minority community in the Valley this year.

‘Low-income strata less impacted by inflation, show consumption trends’

May 13, 2022 12:59 am

Data released on Thursday showed that retail inflation surged to a 95-month high of 7.97 per cent in April on the back of high fuel, food prices and services. Rural inflation surged to an 8-year high in April, while urban inflation rose to 18-month high.

With inflation at 8-year high, RBI has no option but to raise interest rates further

May 13, 2022 8:55 am

This is now the fourth straight month that inflation has come in above the upper threshold of the central bank's inflation targeting framework. The latest data only affirms the notion that inflationary pressures are far more broad-based and entrenched than what was previously believed.

Retail inflation at 8-year high of 7.79% in April

May 13, 2022 12:25 am

High price levels of fuel and food items, especially of vegetables, spices and oils/fats, along with household services, contributed to the sharp rise in inflation, a level which is seen as being partly responsible for preempting the unscheduled repo rate hike of 40 basis points by the RBI last week.

Current inflation is driven by supply shortages caused by Covid, Ukraine-Russia war. RBI has few options to reverse course

April 25, 2022 9:20 am

What most countries, including India, are experiencing today is “supply-shock” inflation. There have been too many supply chain disruptions over the last two years, caused first by the Covid-triggered lockdowns and now the Russia-Ukraine war.

Inflation will probably surprise us on the upside... could lead to higher interest rates: Prashant Jain

April 26, 2022 6:11 am

The impact of global developments on India’s economy is quite limited despite the fact that India has opened up quite a bit. Given the demographics, the consumption-led economy, other than oil, we are reasonably self-sufficient, and our pool of savings roughly matches our investments, the ED and CIO of HDFC AMC said.

Sharp rise in inflation is likely to bring forward the RBI’s timelines for tightening of policy

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.

Daily Briefing: At 6.95%, inflation up to 17-month high; India, US send clear signals of convergence on matters other than Russia

April 13, 2022 8:57 am

Not concealing the divergence in view on Russia and its war in Ukraine, the US and India sent clear signals of a willingness to understand each other’s position given their “shared values” and a partnership deepening when there is “so much more going on in the world today”.

At 6.95%, inflation up to 17-month high; slight uptick in sluggish industry output

April 13, 2022 7:42 am

This marks the third successive month when retail inflation, based on the Consumer Price Index (Combined), stayed above the upper tolerance limit of the medium-term inflation target of 6 per cent set by the Reserve Bank of India (RBI).

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