New Delhi, June 22 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) is likely to maintain a wait-and-watch approach amid elevated uncertainty, with falling crude oil prices and a stronger rupee expected to cushion inflation risks, a report said on Monday.”Uncertainty is too high for immediate action. Hold now, stay neutral, wait for clarity and keep optionality open is the underlying message of the MPC minutes,” the report from SBI Research said.The report highlighted that the …
Latest Consumer Price Index News & Updates
New Delhi, June 19 (IANS) The minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting released on Friday show that India has been able to withstand the disruptions of the West Asia crisis because of the strong fundamentals of the economy. MPC member Nagesh Kumar said, “The Indian economy entered the West Asia crisis with much stronger macroeconomic fundamentals than most previous economic crises (including the global financial crisis, the taper tantrum, or Covid-19)….
New Delhi, June 13 (IANS) Inflation in Telangana continues to be the highest among all states since January 2026 and now is at 6.15 per cent in May, which may be due to higher taxes on fuel, rise in rural wages and reliance on imported fresh produces, according to an SBI Research report.State-level consumer inflation statistics highlight a broad regional disparity across the country.Out of the 36 states/UTs, there are 12-14 states/UTs where inflation is higher than all India level. Inflation in …
New Delhi, June 12 (IANS) The moderation of headline retail inflation below 4 per cent reflects the resilience of India’s macroeconomic fundamentals and the effectiveness of ongoing efforts to maintain price stability, industry chamber PHDCCI said on Friday.Retail inflation, measured by the Consumer Price Index (CPI), stood at 3.93 per cent in May (year-on-year), remaining below the Reserve Bank of India’s medium-term target of 4 per cent despite a modest increase from 3.48 per cent in April.The…
New Delhi, June 12 (IANS) Economists on Friday said while a build-up in price pressures is being watched closely against the backdrop of the ongoing West Asia conflict, India’s inflation is at still below the mid-range of the 2-6 per cent target, and thereby less of an immediate policy concern.India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics …
New Delhi, June 12 (IANS) India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics and Programme Implementation on Friday.However, it slightly inches up from 3.48 per cent recorded in previous month (April). The inflation data cannot be compared with the corresponding period last year due to the rebasing of the CPI basket, which now uses 2024 as the ba…
Bhopal, June 8 (IANS) In a significant relief for contractual workers, the Madhya Pradesh government led by Chief Minister Mohan Yadav has decided to increase the remuneration of contractual officers and employees by 4.46 per cent annually. The Finance Department issued orders to this effect, making the hike effective retrospectively from April 1, 2026.The decision is expected to directly benefit around 1 lakh contractual officers and employees working in various state government departments. Th…
New Delhi, May 31 (IANS) The Reserve Bank of India (RBI) is likely to hold repo rate hike in its June monetary policy meeting and must use short-term rates and nudging to manage the pressure on the domestic currency, an SBI Research report said on Sunday.“Our call is along ‘hold the rates’ with a data-driven future dependency. However, an inflation targeting central bank can always use interest rate tools like operation twist that addresses market microstructure,” the report suggested.It…
New Delhi, May 14 (IANS) India’s inflation rate based on the wholesale price index (WPI) rose to 8.3 per cent during April, compared to the same month of the previous year, primarily due to an increase in prices of fuels and crude oil amid the Middle East conflict, according to a statement issued by the Ministry of Commerce and Industry on Thursday.The WPI inflation for April was higher than the corresponding figure of 3.88 per cent recorded for March this yearWPI food inflation remained constan…
New Delhi, May 13 (IANS) The consumer price index inflation rose mildly to 3.48 per cent in April from 3.40 per cent in March, and CPI‑based inflation is expected to average 5.1 per cent in fiscal 2027, a report said on Wednesday.”While the conflict in West Asia has crossed 74 days, the upside risks to retail inflation seem to be materialising at a snail’s pace, indicating that the consumer remains largely protected so far,” the report from Crisil Ratings said.The Reserve Bank of India’s M…