New Delhi: Food inflation remained in the negative zone for the fourth week in a row, at (-)1.03 per cent for the week ended January 14, on account of cheaper vegetables. Food inflation, as measured by the Wholesale Price Index (WPI), was at (-)0.42 per cent in the previous week. It was above 17 per cent in the corresponding week of 2011. According to the official data released on Friday,...
12:16 PM, Jan 27, 2012
The RBI has increased interest rates 13 times since March, 2010, to contain inflation and India Inc has been demanding a cut in the rates to arrest declining economic growth. ...
07:49 AM, Jan 24, 2012
New Delhi: Amid slowing economic growth, the Reserve Bank of India (RBI) is reviewing its credit policy on Tuesday. RBI is not expected to cut interest rates at its review as it remains worried about inflation, but it may cut the cash reserve ratio (CRR) for banks as a way to relieve tight liquidity, a move that would cheer markets as a sign of easing intent. At the policy meet...
07:25 AM, Jan 24, 2012
New Delhi: Food inflation remained in the negative zone for the third straight week, at (-)0.42 per cent for the week ended January 7, mainly due to fall in prices of onion and vegetables. Food inflation, as measured by the Wholesale Price Index (WPI), was at (-) 2.90 per cent in the previous week. It was above 16 per cent in the corresponding week of 2011. According to the official...
12:28 PM, Jan 19, 2012
The Chairman of the Prime Minister Economic Advisory Council explains the factors that led to the decline in inflation. ...
03:40 PM, Jan 16, 2012
New Delhi: Headline inflation fell to a two-year low of 7.47 per cent in December 2011 on cheaper food items, a factor which may prompt the Reserve Bank to cut policy rates in the upcoming review. Headline inflation, as measured by Wholesale Price Index (WPI), had stood at 9.11 per cent in November. It was 9.45 per cent in the same month of 2010. The latest numbers are the lowest...
12:49 PM, Jan 16, 2012
New Delhi: Food prices fell for the second consecutive week as food inflation remained in the negative zone at -2.90 per cent for the week ended December 31, 2011. Food inflation, as measured by the Wholesale Price Index (WPI), stood at -3.36 per cent in the previous week. It was above 19 per cent in the corresponding week of 2010. According to data released on Thursday, onions became cheaper by...
12:57 PM, Jan 12, 2012
New Delhi: Food inflation entered the negative zone at (-) 3.36 per cent for the week ended December 24 as prices of essential items like vegetables, onion, potato and wheat declined. "There has been substantial improvement. Food inflation has turned negative for the first time in recent memory," Finance Minister Pranab Mukherjee told reporters here. This is the first time in almost six years, for which data with base year...
12:58 PM, Jan 05, 2012
New Delhi: Food inflation fell sharply to a six-year low of 0.42 per cent in the week ended December 17 as prices of essential items like vegetables, onion, potato and wheat declined. Food inflation, as measured by Wholesale Price Index (WPI), stood at 1.81 per cent in the previous week. It was recorded at 15.48 per cent in the corresponding week of 2010. According to official data released on Thursday,...
12:21 PM, Dec 29, 2011
New Delhi: Food inflation fell sharply to a near four-year low of 1.81 per cent for the week ended December 10 as prices of essential items like vegetables, onion, potato and wheat declined. This is the lowest rate of food inflation since the week ended February 9, 2008, when it stood at 2.26 per cent. Food inflation, as measured by Wholesale Price Index (WPI), was 4.35 per cent in the...
12:19 PM, Dec 22, 2011
Bangalore: Finance Minister Pranab Mukherjee on Sunday said headline inflation in the country remains "perilously close" to double digits but is expected to moderate to 6 to 7 per cent by March if the present declining trend continues. "So far as inflation is concerned, yes, I do agree headline inflation is still high, perilously close to double-digit inflation," Mukherjee said at a press conference on Sunday after meeting with the...
05:23 PM, Dec 18, 2011
The Opposition's demand for Chidambaram's resignation over 'conflict of interest' cornered the Lokpal-hit UPA further. ...
10:34 PM, Dec 15, 2011
New Delhi: Food inflation fell to a nearly four-year low of 4.35 per cent during the week ended December 3, reflecting a decline in prices of essential items like vegetables, onions, potatoes and wheat. This is the lowest rate of food inflation since the week ended February 23, 2008, when it stood at 4.28 per cent. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 6.6 per...
12:20 PM, Dec 15, 2011
New Delhi: Buoyed by a continuous decline in food inflation over the past five weeks, Chief Economic Advisor Kaushik Basu on Wednesday expressed hope it may fall below 3 per cent in a month's time. "I do expect the food inflation to come down below 3 per cent within a month," he said at the Delhi Economics Conclave in New Delhi. Basu is the head of a high-level panel appointed...
12:43 PM, Dec 14, 2011
New Delhi: Food inflation fell sharply to 6.60 per cent for the week ended November 26, reflecting a decline in prices of essential items like vegetables, onions, potatoes and wheat. Food inflation, as measured by the Wholesale Price Index (WPI), stood at 8 per cent in the previous week ended November 19. It was recorded at 8.93 per cent in the corresponding period last year. According to data released by...
12:23 PM, Dec 08, 2011
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