CPI Inflation Rises To 5.5% In March
Apr 12 2021, 6:30 PM
April 12 2021, 5:58 PM
April 12 2021, 6:30 PM
Retail inflation rose further in March as fuel and transportation costs increased alongside some categories within the food basket.Consumer Price Index inflation stood at 5.52% last month compared with 5.03% in February and 4.06% in January 2021, according to data released by the Ministry of Statistics and Programme Implementation on Monday. A Bloomberg poll had pegged March retail inflation at 5.4%.Inflation in food and beverages ro.
Retail inflation rose further in March as fuel and transportation costs increased alongside some categories within the food basket.
Consumer Price Index inflation stood at 5.52% last month compared with 5.03% in February and 4.06% in January 2021, according to data released by the Ministry of Statistics and Programme Implementation on Monday. A Bloomberg poll had pegged March retail inflation at 5.4%.
CEA Krishnamurthy Subramanian (File photo)
NEW DELHI: India’s inflation target band needs to be refined to reflect demand-side factors and the monetary policy should not be affected by supply-side factors, a senior government official said on Monday.
The current monetary policy framework, signed by Prime Minister Narendra Modi’s government with the Reserve Bank of India (RBI) in 2015, expires next month and is expected to be adjusted when it is signed off for the next five-year term to provide greater flexibility to support economic growth.
Retail inflation, which had touched double-digits during the UPA government regime, has gradually fallen, helping Modi to win a second term in 2019.
Updated Jan 12, 2021 | 18:01 IST
Index of Industrial Production (IIP) contracted sharply by 1.9% in November 2020 as against growth of 3.6% in October 2020 and growth of 2.1% in November 2019 Retail inflation eases to 4.59% in December; IIP contracts sharply by 1.9% in November
New Delhi: Retail inflation eased to 4.59% in December 2020. According to data released by the Ministry of Statistics and Program Implementation on Tuesday, Consumer Price Index inflation eased in December compared to 6.93% in November. Note that the rise in prices in October had been the sharpest since May 2014 when the inflation peaked to 7.61%.
Inflation in India has continuously been above the Reserve Bank s upper tolerance band of 6% for the past eight months till November 2020. CPI inflation peaked in October to 7.61% and then fell to 6.93% in November. Retail inflation in the country showed signs of easing in December, led by easing prices of some food items.