India’s benchmark inflation measure, the Consumer Price Index (CPI), grew at 6.8% in August, lower than the 7.4% print in July but higher than the 6% upper limit of RBI’s tolerance band. Wholesale prices, as measured by the Wholesale Price Index (WPI), contracted by 0.5% in August, making it the fifth consecutive month of contraction. […]
Tag Archives: inflation
30
Aug
Aug
On Tuesday, the Union government announced a subsidy of ₹200 on LPG cylinders for all customers. For beneficiaries of the Pradhan Mantri Ujjwala Yojna, the subsidies have been increased to ₹400 per cylinder. The easiest way to explain this decision is to attribute it to the onset of election season. An HT report published on […]
21
Aug
Aug
After tomatoes, the government appears to have shifted its attention to onion prices. With reports of onion arrivals declining in wholesale markets and prices inching up, there is reason to believe that onions might offset some of the cooling in tomato prices in the coming weeks. This is a concerning development against the backdrop of […]
11
Aug
Aug
That the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) would not change interest rates or its monetary policy stance this week was widely expected. Its decision on August 10 is in keeping with these expectations. There is also a broad-based consensus that inflation numbers are likely to see a spike in […]
09
Aug
Aug
Most analysts expect India’s benchmark inflation measure, as measured by the Consumer Price Index (CPI) to breach the 6% threshold in July. A Reuters poll of economists has put this number at 6.4%. What is remarkable, however, is the fact that this spike in inflation – the June print was just 4.8%— is a result […]
13
Jul
Jul
There are two broad takeaways from the June inflation print that was released on Wednesday. On the back of a high base, retail inflation, as measured by the Consumer Price Index (CPI), rose 4.81% in June, after four consecutive months of moderation. One, spiralling food prices are pushing retail inflation and analysts estimate that consumers […]
31
May
May
The growth numbers are just what RBI needs to hold rates next week; ahead of the 2024 polls, the BJP couldn’t have asked for more
29
May
May
In the end, after a run-off and a dramatically see-sawing electoral campaign, the result of the presidential elections was a familiar one in Turkey – with Recep Tayyip Erdoğan on top. Over the past decade, Mr Erdoğan has rapidly consolidated power, weakening institutions that were meant to keep a check on his powers, ensuring the […]
17
May
May
The first furrows on the brows of policymakers would have started forming this week after the India Meteorological Department (IMD) announced that the onset of the monsoon over Kerala will be delayed by at least three days. The error margin for this prediction is +/- 4 days, which means that the first signs of the […]
13
Apr
Apr
The National Statistical Office (NSO) released inflation numbers for the month of March on Wednesday. They show that retail inflation as measured by the Consumer Price Index (CPI) was 6.7% in 2022-23, the highest since 2013-14. To be sure, the monthly inflation number for March came down from 6.4% in February 2023 to 5.7% in […]
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