New Delhi: The WPI-based inflation fell to 4.7 per cent in May, driven mainly by declining prices of manufactured items, even as prices of food articles inched up. Inflation based on the Wholesale Price Index (WPI) stood at 4.89 per cent in April. In May, 2012, it was 7.55 per cent. As per official data released on Friday, WPI inflation in the manufactured items category declined to 3.11 per cent in May from 3.41 per cent in April.
The non-food articles category, which include fibre, oil seeds and minerals, saw sharp decline in inflation to 4.88 per cent, from 7.59 per cent in April. However, inflation in food articles category, which has a 14.34 per cent share in the WPI basket, rose to 8.25 per cent in May. Inflation in this category was at 6.08 per cent in April. The rise in food inflation was on account of increase in prices of onions, vegetables, cereals and protein-based items.
Inflation in vegetables stood at 4.85 per cent in May, against (-)9.05 per cent in the previous month. The rate of price rise in onion was high at 97.40 per cent for the month, as against inflation rate of 91.69 per cent in April.
Inflation for March was revised downwards to 5.65 per cent from 5.96 per cent as per provisional estimates. The inflation data would be closely watched by the Reserve Bank while formulating its mid-quarter policy which is scheduled on Monday. There have been demands for
12:24 PM, Jun 14, 2013
New Delhi: Falling for the third straight month, retail inflation stood at 9.31 per cent in May due to easing of prices of edible oil and protein-based items, even as vegetable prices inched up sharply. The Consumer Price Index (CPI) based inflation stood at 9.39 per cent in April. It was 10.39 per cent in March. The overall food and beverages segment saw an inflation of 10.65 per cent in...
11:59 AM, Jun 12, 2013
London: Australia has been ranked as the world's happiest nation among developed economies for third year in a row, with a whopping 84 per cent of the country's population saying they are satisfied with their lives. The overall strength of its economy won Australia the top position in the Better Life Index compiled by the Organization for Economic Cooperation and Development (OECD), BBC News reported. "Australia performs exceptionally well in...
05:40 PM, May 28, 2013
New Delhi: In a bid to widen the ambit of beneficiaries getting reservation under the OBC quota, the Central government on Thursday enhanced the ceiling for applying the 'creamy layer' restriction on "socially advanced persons". While the income criteria so far was Rs 4.5 lakh per annum, the Union Cabinet today increased it to Rs 6 lakh per annum. The increase in the income limit to exclude the creamy layer...
09:36 PM, May 16, 2013
New Delhi: The headline inflation dropped to its lowest since 2009 in the month of April at 4.89 per cent, a level seen comfortable for the RBI to persist with monetary easing to revive a flagging economy. April's reading is well below the 5.50 per cent estimated by analysts in a Reuters poll. The wholesale price index, India's main inflation measure, rose an annual 5.96 per cent in March. The...
12:21 PM, May 14, 2013
New Delhi: After better than expected industrial production numbers, which came at 2.5 per cent for the month of March, inflation has also hit a 13-month low. Consumer Price Index for the month of April is at 9.39 per cent against 10.39 per cent in March. Rural inflation was also seen going down at 9.16 per cent as compared to 10.41 per cent in March. Food prices for consumers rose...
12:40 PM, May 13, 2013
New Delhi: In terms of use of modern technology, talented people and tolerance, Delhi is the most creative state in the country, says a study. According to the Creative Index Report 2013, Chandigarh, Punjab, Kerala, Goa, Mizoram, Andaman and Nicobar Islands, Puducherry and Maharashtra round out the top nine. Haryana and Manipur are tied for the tenth position, it said. "Delhi takes the top spot as the most creative state...
06:20 PM, May 06, 2013
Mumbai: The Reserve Bank of India (RBI) is expected to cut its policy interest rate by a quarter point on Friday for the third time this year as it looks to bolster an economy growing at a decade low and takes comfort from easing inflation. While investors are hoping to hear a less-hawkish tone from RBI Governor Duvvuri Subbarao, the RBI in its report on macroeconomic and monetary developments on...
08:37 AM, May 03, 2013
New Delhi: Retail inflation declined to 10.39 per cent in March, snapping the five month rising trend, as prices of vegetables and protein based items eased. The Consumer Price Index (CPI) based inflation was at 10.91 per cent in February. The inflation, however, continued to remain in the double digit terrain for the fourth consecutive month in March. The prices in the vegetables basket eased to 12.16 per cent in...
11:41 AM, Apr 12, 2013
The central government will monitor the periodical up-gradation of slums in the country by making a "slum upgradation index", a union minister said on Thursday. ...
03:51 AM, Mar 22, 2013
India's wholesale price index (WPI) marginally rose to 6.84 per cent from 6.62 per cent in January. The WPI, the key inflation measure, rose 6.54 per cent in December 2012 - the slowest annual rise since November 2009, according to the median forecast of 30 economists. The reading was 6.62 per cent in January. ...
12:00 PM, Mar 14, 2013
India's industrial production grew 2.4 per cent in January from a year earlier, government data showed on Tuesday. Analysts polled by Reuters had expected the output to grow 1.2 per cent annually. Revised data for December showed production at factories, mines and utilities shrank 0.5 percent compared with 0.6 per cent contraction earlier. ...
11:41 AM, Mar 12, 2013
Retail inflation moved up for the fifth consecutive month to 10.91 per cent in February, remaining in the double-digit terrain for third month in a row, on account of higher prices of vegetables, edible oil, cereals and protein-based items. ...
11:40 AM, Mar 12, 2013
Punjab, Delhi, Himachal Pradesh and Haryana have been ranked at the top of the Well Being Index (WBI), while southern states, Gujarat and most of the north-eastern states emerged as the most secure ones for women in the Female Security Index (FSI). ...
12:20 PM, Mar 06, 2013
Shortly after the opening bell, the Dow rose above 14,198.10, the intraday all-time high reached in October 2007, when the world was heading toward the financial crisis. ...
08:55 PM, Mar 05, 2013
Indian services growth eased off the accelerator last month as new orders failed to keep up with January's blistering pace, a business survey showed on Tuesday, although companies remained optimistic about future business. ...
12:45 PM, Mar 05, 2013
India's annual consumer price inflation accelerated to 10.56 per cent in December from the previous month, government data showed on Monday. ...
12:30 PM, Jan 14, 2013
India's headline inflation slowed down to its lowest level in three years, hardening expectations for an interest rate cut by the RBI later in January to boost an economy that is set to post its slowest growth in a decade. ...
12:26 PM, Jan 14, 2013
Indian business magnate Mukesh Ambani is the 18th richest person in the world with a personal wealth of $24.7 billion in 2012, according to the Bloomberg Billionaires Index, a daily ranking of the world's 100 wealthiest individuals. Mexican telecommunications magnate Carlos Slim remained the world's richest person holding a personal fortune of more than $70 billion, it said. ...
11:13 AM, Jan 03, 2013
Rising for the second consecutive month, retail inflation surged 9.90 per cent in November driven mainly by rising prices of food items such as sugar, vegetables, edible oil and clothing. ...
01:36 PM, Dec 12, 2012
