Retail inflation in India surged to 5.49% in September 2024, marking a sharp increase driven by weather conditions and a high base effect. In comparison, retail inflation stood at 3.65% in August 2024 and 3.54% in July 2024. The rural inflation rate stood higher at 5.87%, while urban inflation was at 5.05%, reflecting varied cost … Read more
The forecast of an above-normal monsoon in 2024 bodes well for a good harvest and may ease India’s inflation concerns, a monthly economic review by the finance ministry said on Thursday. The India Meteorological Department (IMD) last week said the country is likely to receive above average monsoon rainfall in 2024, in a potential boost … Read more
The consumer price index (CPI)-based inflation eased to 5.09 per cent in February. The retail inflation rate had eased to 5.1 per cent in January from 5.69 per cent in December 2023. The recent numbers mean the target inflation continues to stay within the Reserve Bank of India (RBI) ‘s tolerance level of 2-6 per … Read more
The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) is releasing All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of November 2023 (Provisional) in this press note. CPIs for Sub-Groups and Groups for … Read more
As Halloween approaches in 2023, American consumers are facing a spooky reality at the candy aisle. Candy and gum prices have surged, with a 13% average increase compared to October of the previous year. This alarming candy inflation marks the second consecutive year of double-digit price hikes, far surpassing the 6% increase in overall grocery … Read more
India, the world’s largest rice exporter, has imposed an immediate ban on some overseas sales of non-basmati white rice, a move that could have significant implications for countries heavily reliant on rice imports. The decision comes amidst the challenges posed by the Covid pandemic, the Ukraine war, and El Nino’s production disruptions, leading to soaring … Read more