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 reading for February was revised to 7.28 per cent from 6.84 per cent, the government data showed on Tuesday.
The number sparked gains in bond markets, which had already rallied since last week on expectations easing inflation would lead the RBI to cut interest rates further. "It is a frenzy. The market is pricing in a rate cut," said Ashish Vaidya, head of treasury at UBS in Mumbai....
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12:21 PM, May 14, 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
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
New Delhi: Notwithstanding the slight decline in Wholesale Price Index (WPI) inflation in October, inflationary pressures are likely to continue in the months ahead and may touch 8.2 per cent by the year end, says a report. According to a research note by Morgan Stanley, WPI inflation is likely to accelerate to around 8-8.2 per cent by December 2012 before moderating to the 7-7.5 per cent level by the quarter...
10:42 AM, Nov 18, 2012
New Delhi: Rising fuel prices boosted Indian inflation in September to 7.8 per cent, its highest level since November, undermining the government case calling for an interest rate cut by the RBI this month to boost the sluggish economy. The rise in the wholesale price index - India's main inflation gauge - was more than expected. Economists in a Reuters poll had expected an inflation reading of 7.7 per cent,...
12:24 PM, Oct 15, 2012
India's wholesale price index (WPI) rose a lower-than-expected 6.87 per cent in July from a year earlier, mainly driven by higher food prices, government data showed on Tuesday. A CNBC-TV18 poll had an annual rise of 7.25 per cent. The annual reading for May remained unchanged at 7.55 per cent. June's inflation was provisionally put at 7.25 per cent. July WPI inflation highlights - Manufactured Products Inflation At 5.58 per...
12:51 PM, Aug 14, 2012
New Delhi: India's wholesale price index (WPI) rose a lower-than-expected 7.25 per cent in June from a year earlier, mainly driven by higher food prices, government data showed on Monday. Analysts on average had expected an annual rise of 7.62 per cent. Wholesale prices provisionally rose 7.55 per cent in May. The annual reading for April was upwardly revised to 7.5 per cent from 7.23 per cent, the government said...
11:59 AM, Jul 16, 2012
New Delhi Inflation moved up to 7.55 per cent in May because of spurt in prices of potato, pulses and wheat, although onion and fruits showed a declining trend. Inflation, as measured by the Wholesale Price Index (WPI), was 7.23 per cent in April. In May last year, however, it was 9.56 per cent. Overall food inflation rose to 10.74 per cent in May, from 10.49 per cent in April....
12:47 PM, Jun 14, 2012
New Delhi: India's wholesale price index (WPI) rose a faster-than-expected 7.23 per cent in April from a year earlier, mainly driven by higher food prices and manufactured items, government data showed on Monday. Analysts on average had expected an annual rise of 6.91 per cent. Wholesale prices rose 6.89 percent in March. The annual reading for February was upwardly revised to 7.36 percent from 6.95 percent, the government said in...
12:21 PM, May 14, 2012
New Delhi: The overall inflation in March eased to 6.89 per cent on account of sharp decline in prices of onions, fruits and protein-based items, even as vegetables and pulses turned costlier. Inflation, as measured by the Wholesale Price Index (WPI), was 6.95 per cent in February. In March last year, it was 9.68 per cent. As per the official data released on Monday, inflation in food items was 9.94...
12:25 PM, Apr 16, 2012
New Delhi: Inflation rose to 6.95 per cent in February because of sharp increase in food prices, especially vegetables and protein-based items. Inflation, as measured by the Wholesale Price Index (WPI), was 6.55 per cent in January. In February last year, it was 9.54 per cent. As per the official data released on Wednesday, food inflation was 6.07 per cent in February against (-)0.52 per cent in January. Pulses turned...
12:34 PM, Mar 14, 2012
New Delhi: Inflation based on the all India Consumer Price Index stood at 7.65 per cent in January, as per the first nationwide retail inflation data released by the government on Tuesday. While 'food and beverages' reported a moderate rate of price rise of 4.11 per cent year-on-year in January, the inflation numbers for fuel and light, and clothing, bedding and footwear segments were in double-digits. Overall retail inflation in...
11:59 AM, Feb 21, 2012
New Delhi: Amid signs of moderation in price rise situation in the country, the January inflation numbers are likely to drop below 7 per cent, said Chief Economic Adviser Kaushik Basu. "Inflation figures are going down. The January figure, which you will get in middle of February, my expectation is that it is going to be below 7 per cent ," he said. Basu, who also heads a Prime Minister...
07:05 PM, Jan 31, 2012
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
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
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 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 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 witnessed a sharp moderation to 8 per cent for the week ended November 19, though prices of most agricultural items, barring potatoes, onions and wheat, continued to rise on an annual basis. Food inflation, as measured by the Wholesale Price Index (WPI), was 9.01 per cent in the previous week ended November 12. It stood at 9.03 per cent in the corresponding week of the previous...
12:29 PM, Dec 01, 2011
