The retail inflation number in April remained high due to the low base effect, worsened by price jumps across all major commodity groups. The Consumer Price Index (CPI)-based inflation, which the RBI takes as a reference point while deciding on the monetary policy, in April 2022 soared to an eight-year high of 7.79 per cent. It is as compared with 4.23 per cent in April 2021 and 6.97 per cent in March 2022. Core inflation, which excludes changes in food and oil prices, in April also touched a 95-month high at 6.97 per cent. It has remained over 5 per cent for 24 consecutive months. Inflation in the food basket rose to 8.38 per cent in April, from 7.68 per cent in the preceding month and 1.96 per cent in the year-ago month. 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. Among states, the highest inflation rate was recorded by West Bengal, followed by Madhya Pradesh and Telangana. Core inflation — the non-food, non-fuel component of inflation — in April also touched a 95-month high of 6.97 per cent, remaining more than 5 per cent for 24 consecutive months.
Experts say, the base effect may moderate inflation levels in May but it is still expected to remain above 6.5 per cent, raising expectations of a back-to-back rate hike in the June monetary policy meeting of the RBI. Inflation is being seen as posing the “biggest threat” to the economy and the RBI is looking at reversing all measures — liquidity infused and policy rate cuts — taken during the pandemic over the next 1-2 years along with measures to kill demand. India Ratings has been pointing out for a while that inflation in health services is turning structural, as it has remained in excess of 6% for the last 16 months. Education inflation, although low, .
The retail inflation number in April remained high due to the low base effect, worsened by price jumps across all major commodity groups. The Consumer Price Index (CPI)-based inflation, which the RBI takes as a reference point while deciding on the monetary policy, in April 2022 soared to an eight-year high of 7.79 per cent. It is as compared with 4.23 per cent in April 2021 and 6.97 per cent in March 2022. Core inflation, which excludes changes in food and oil prices, in April also touched a 95-month high at 6.97 per cent. It has remained over 5 per cent for 24 consecutive months. Inflation in the food basket rose to 8.38 per cent in April, from 7.68 per cent in the preceding month and 1.96 per cent in the year-ago month. 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. Among states, the highest inflation rate was recorded by West Bengal, followed by Madhya Pradesh and Telangana. Core inflation — the non-food, non-fuel component of inflation — in April also touched a 95-month high of 6.97 per cent, remaining more than 5 per cent for 24 consecutive months.
Experts say, the base effect may moderate inflation levels in May but it is still expected to remain above 6.5 per cent, raising expectations of a back-to-back rate hike in the June monetary policy meeting of the RBI. Inflation is being seen as posing the “biggest threat” to the economy and the RBI is looking at reversing all measures — liquidity infused and policy rate cuts — taken during the pandemic over the next 1-2 years along with measures to kill demand. India Ratings has been pointing out for a while that inflation in health services is turning structural, as it has remained in excess of 6% for the last 16 months. Education inflation, although low,
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India's Retail inflation for the month of October breached the Reserve Bank of India's (RBI) medium-term target of 4% for the first time since July 2018 due to higher food prices even though RBI had predicted that food prices 'are likely to moderate as winter supplies enter the market'. Inflation touched 4.62, according to the data released by the statistics office on Wednesday, compared to 3.99% in the month of September.
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Retail inflation rose for the 4th-month in a row in November, accelerating to 14-month high of 5.41 per cent on the sharp pickup in food prices, posing a challenge to further easing of monetary policy by the Reserve Bank.
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Annual consumer price inflation edged up for the second straight month to 5.76 per cent in May, driven by higher prices of food and fuel products, government data showed on Monday.
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Retail inflation has risen to 3.18% in June from 3.05% in May on higher food prices, hitting an eight-month high, the government said on Friday, but stayed below the central bank's medium-term target of 4% for an eleventh straight month. Annual retail inflation in June was 3.18%, up from 3.05% in the previous month, but below analyst forecasts.
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Retail inflation surges to 10 36 percent in April News video
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Retail inflation rose marginally to 2.92 per cent in April, mainly due to spike in food prices. The inflation based on Consumer Price Index (CPI) 2.86 per cent in the previous month and 4.58 per cent in April 2018, said the data released by the Central Statistics Office (CSO). As per the data, the inflation in the food basket was 1.1 per cent in April, up from 0.3 per cent in March. (Text: PTI)
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Ram Iyer, EVP-Retail, Vodafone India Ltd speaking at the TN Retail Conference organised by Confederation of Indian Industry. He clearly explains the Vodafone India's retail strategy in reaching across India urban and rural IndiaWatch Ram Iyer, EVP Retail, Vodafone India at CII TN Retail Conference With HD Quality
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#HumaQureshi Launched Retail Mega Store 'DP Retail' In Andheri
Huma Qureshi Launched Retail Mega Store 'DP Retail' In Andheri
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The Indian Institutes of Technology (IIT) have added 779 more seats in the 2018 academic session exclusively for women to improve the gender ratio in its B.Tech programs.
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My Best Camera - Sony A7 3 - https://amzn.to/3ZjAkAJ
My Sound - GODOX MoveLink M2 - https://amzn.to/3JcqaMJ
My Light setup - GODOX LC500R RGB LED Light Stick - https://amzn.to/3SQmu6P
My Lens Setup - Sigma 18-35mm f/1.8 DC for Canon - https://amzn.to/3ZDqbyD
My Lens Setup - Canon EF50MM F/1.8 STM Lens - https://amzn.to/41CEeX4
My Audio Setup - Zoom H1n Handy Recorder - https://amzn.to/3mudhFa
Home Bar Accessories - https://amzn.to/3LedEOv
Glassware - https://amzn.to/3KRPSrf
Ice mould - https://amzn.to/3EWlecr
Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink kn
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