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Latest from core inflation

Message to RBI in inflation numbers

Whether or not the headline number will align itself to the Reserve Bank of India (RBI)’s target of 4% has pretty much become a function of food prices

Barring any large supply-side shocks in the food economy, analysts believe inflation should be close to RBI’s target in the next fiscal year which will begin from April (HIndustan Times)

editorials

Published on Mar 16, 2025 07:53 PM IST

ByHT Editorial

US inflation likely remained sticky-high last month, threatening rate cuts

US inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars.

US Labour Department is expected to report that in December the consumer price index rose 2.8% from a year ago, according to economists surveyed by FactSet(AFP)

world news

Updated on Jan 15, 2025 02:30 PM IST

AP |

Rekindle the animal spirits

Creating mass demand, leading to a boom in investment, is necessary; encouraging consuming classes to spend will help

Women shop for Christmas decorations at a roadside market in Ahmedabad, India, December 24, 2024. REUTERS/Amit Dave (REUTERS)

editorials

Updated on Jan 08, 2025 08:19 PM IST

ByHT Editorial

Looking beyond the CPI numbers

Volatile food prices, abetted by the climate crisis, and geopolitical unrest complicate policy choices

Signage at the Reserve Bank of India (RBI) headquarters building in Mumbai, India, on Wednesday, Oct. 9, 2024. Photographer: Dhiraj Singh/Bloomberg (Bloomberg)

editorials

Published on Nov 13, 2024 08:20 PM IST

ByHT Editorial

Avoid haste on shift to core CPI

Aligning inflation targeting with core instead of headline inflation needs a sound method to capture core inflation expectations first

FILE PHOTO: A woman selects tomatoes from a vegetable vendor, at a wholesale market in Navi Mumbai, India August 4, 2023. REUTERS/Francis Mascarenhas/File Photo (REUTERS)

editorials

Published on Aug 27, 2024 09:08 PM IST

ByHT Editorial

Economic Survey on retail inflation: ‘Government and RBI’s intervention helped'

Economic Survey said in FY22 and FY23, COVID-19 pandemic, geopolitical tensions, and supply disruptions contributed to rising inflationary pressures globally.

budget

Updated on Jul 22, 2024 01:30 PM IST

ANI |

Core inflation at four-year low in FY24: Economic Survey

The survey said India successfully managed to keep retail inflation at 5.4% in FY24, the lowest level since the Covid-19 pandemic period

Union finance minister Nirmala Sitharaman tabled the survey in Parliament on Monday. (PTI)

india news

Updated on Jul 22, 2024 01:07 PM IST

ByHT Correspondent

India inflation seen up in June due to soaring vegetable prices: Reuters poll

INDIA-ECONOMY-POLL:India inflation seen up in June due to soaring vegetable prices: Reuters poll

business

Published on Jul 10, 2024 07:55 AM IST

Reuters |

Inflation shadow on rate cut remains

With rate cuts in the US becoming increasingly unlikely this year, RBI will have one more reason to postpone its monetary easing.

At 8.7%, food inflation continues to be the biggest driver of overall inflation. What does all this mean for the economy and policy at large? (Sunny Sehgal)

editorials

Published on May 15, 2024 01:23 AM IST

ByHT Editorial

Inflation moderating, but can't discount risks ahead

Inflation management is a battle policymakers are more likely to lose because of climate or geopolitical shocks than textbook demand-supply imbalances.

At 4.9% in March compared to 5.1% in February, the retail inflation elephant, to use RBI Governor Shaktikanta Das's analogy, continues to walk towards the forest. (MINT_PRINT)

editorials

Published on Apr 14, 2024 11:45 PM IST

ByHT Editorial

Norway CPI Slows More Than Forecast, Backing September Cut

Norway’s underlying inflation slowed more than expected last month, countering recent evidence of resilience in the Nordic economy and backing the central bank’s main scenario of an interest-rate cut in September.

world news

Published on Apr 10, 2024 02:25 PM IST

Bloomberg |

Both dovish and hawkish

RBI has maintained its stance on policy rate citing food inflation. But tying policy to food prices may force economy to sacrifice growth

The current growth momentum of the economy has given some policy buffer to RBI in keeping interest rates high and (potentially) erring on the side of caution.(PTI Photo)

editorials

Published on Apr 05, 2024 11:49 PM IST

ByHT Editorial

Food inflation limits choices before RBI

The headline number staying unchanged suggests that the MPC’s tone will also remain the same.

Retail inflation, as measured by the Consumer Price Index (CPI), for February was on expected lines at 5.1%. (MINT_PRINT)

editorials

Published on Mar 13, 2024 09:14 PM IST

ByHT Editorial

What do rising gas prices mean for the future of US inflation?

Surging gasoline prices and potential impacts on US inflation take center stage.

Will February’s gas price surge propel US inflation even higher?(AP Photo/David Zalubowski, File)(AP)

world news

Published on Mar 12, 2024 11:15 AM IST

ByTuhin Das Mahapatra

Monetary policy has an inflation dilemma

Faced with low core inflation and high food inflation, RBI will likely tilt towards a longer disinflationary stance, to achieve the 4% CPI rate

India’s recent inflation has been a tale of two prices. Food inflation remains elevated at 7.6% but core inflation has dropped sharply to 3.6% in January 2024

opinion

Published on Feb 26, 2024 12:10 PM IST

BySamiran Chakraborty, Baqar Zaidi

2023: A year of food-price and climate shocks

The year was particularly challenging one, as the country was hit by intense heatwaves, erratic rains, floods, droughts, storms and cyclones

The country prohibited overseas shipments of wheat in March 2022, white rice in July this year and onions this month. (PTI)

india news

Updated on Dec 25, 2023 04:35 PM IST

ByZia Haq

India’s FY24 economic outlook bright, strong but global headwinds remain: FinMin

While domestic macro fundamentals are strong and improving, downside risks arise from global headwinds and uncertainties in weather conditions

Union ministry of finance. (File photo/Mint.)

india news

Published on Oct 23, 2023 07:15 PM IST

ByRajeev Jayaswal

High food prices may be the new normal

The spike in inflation, which will be painful for the poor, is a result of the climate crisis, making it difficult to control through monetary policy

High food inflation is more painful for the poor((REUTERS FILE PHOTO))

editorials

Published on Aug 15, 2023 09:15 PM IST

ByHT Editorial

Twin concerns lurk in the inflation print

The govt has implemented anti-inflation measures with mixed results, and with key assembly polls, it will be important to monitor their stance on price controls

It is to be noted here that retail inflation had also dropped sharply to 4.59 per cent in December, mainly due to declining food prices.(MINT_PRINT)

editorials

Published on Jul 13, 2023 10:12 PM IST

ByHT Editorial

Retail inflation cools to 18-month low 4.7%

India’s benchmark inflation rate, as measured by the Consumer Price Index (CPI) fell to 4

Within food, prices of vegetables, egg, fish and meat and edible oils have seen a contraction. (PTI)

india news

Updated on May 12, 2023 11:42 PM IST

ByRoshan Kishore, New Delhi

Inflation eases below tolerance band of 6%

Headline inflation has once again come within the Reserve Bank of India’s tolerance band of 2-6% after two months, and is the lowest since November 2021

india news

Updated on Apr 13, 2023 02:20 AM IST

ByRoshan Kishore, New Delhi

Don’t hit pause in the battle to contain inflation

The MPC’s decision to pause the rate hike cycle should not distract it from its objective of restoring price stability in the economy

Achieving the inflation target will require the Reserve Bank of India to focus on exerting downward pressure on domestic inflation, especially now that high core inflation has become entrenched in the system (Sonu Mehta/HT PHOTO)

opinion

Updated on Apr 07, 2023 08:59 PM IST

ByRajeswari Sengupta

Terms of Trade | What ails competitive capitalism in India

Viral Acharya's new paper, which is likely to create a big debate, suggests that the monopolistic practices of a few firms are contributing to inflation.

Acharya, essentially speaking, is arguing that the state enforces greater discipline on capital to get rid of economic inefficiencies. (Mint File Photo)

opinion

Published on Mar 31, 2023 07:55 PM IST

ByRoshan Kishore

Many nations see new records as inflation bites hard: 10 points

New records are being witnessed in South Korea, Japan, Australia, Pakistan among other nations amid inflation.

A sign with exchange currency values of the unofficial so-called 'Blue Dollar' --generally quoted at almost double the official rate-- is displayed in the window of a store in Buenos Aires, on August 1, 2022. - Inflation for the first half of this year alone topped 36 percent in Argentina, and is predicted to reach 80 percent by the year's end.(AFP)

business

Published on Aug 02, 2022 11:41 AM IST

ByHT News Desk | Edited by Swati Bhasin

Govt considers windfall tax on oil and gas giants

The tax, which may be levied when oil prices, for instance, cross a certain level, will boost the government’s finances, and help fund efforts to protect vulnerable sections from rampant inflation.

This is not the first time India is considering a windfall tax. Policymakers flirted with the idea in 2018, and before that in 2008, when oil prices were on a high, and many Indian oil producers made a killing. Both times, the idea was abandoned, after it was strongly opposed by private oil companies. (AFP)

india news

Updated on May 27, 2022 05:40 AM IST

ByRajeev Jayaswal, New Delhi

Vegetable prices up 60 percent, retail inflation hits 5-year high

Retail food prices, which make up nearly half of the India’s inflation basket, increased 14.12% in December from a year earlier, against 10.01% in November.

Core inflation – the non-food non-fuel component of CPI basket – has also increased marginally after declining for four consecutive months, even as the headline numbers were rising.(PTI)

business

Updated on Jan 13, 2020 09:23 PM IST

Hindustan Times, New Delhi | ByHTC and agencies

Retail inflation at 5-yr high, crosses RBI’s comfort zone on soaring food prices

Core inflation – the non-food non-fuel component of CPI basket – has also increased marginally after declining for four consecutive months, even as the headline numbers were rising.

Blaming vegetable, meat and fish prices for the high food inflation, CARE Ratings Ltd chief economist Madan Sabnavis said that inflation should come down in January with the new onion crop in and prices moving down. (HT photo)

business

Updated on Jan 13, 2020 06:45 PM IST

Hindustan Times, New Delhi | ByRoshan Kishore & Rajeev Jayaswal

Rise in CPI: How it impacts you

According to an SBI note, core CPI will go down and the headline CPI will increase, leading to convergence in coming months.

Price rise in essential goods over a long period hits those in lower income groups the hardest.(HT File Photo/ Representative image)

business

Updated on Jun 17, 2019 10:43 AM IST

Hindustan Times, Gurugram | ByHT Correspondent

Will the RBI cut rates again?

A decelerating economy in the midst of elections can create problems for the incumbent political party

On Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank of India, which started its bimonthly meeting yesterday, will announce its decision on the policy rate(REUTERS)

editorials

Updated on Apr 02, 2019 08:35 PM IST

Hindustan Times | ByHT Correspondent

Rate cut: RBI’s growth gamble

While welcome, the central bank’s move to cut its policy rate by 0.25 percentage point, is a gamble of sorts. Or actually, three gambles, a radical development for an organisation that rarely, if at all, takes chances.

India’s central bank has traditionally been conservative. That conservatism means it usually back-ends rate cuts — waiting for the macro and micro to turn conducive before reducing rates rather than doing so in anticipation. This time, it has front-ended the rate cut.(Aniruddha Chowdhury/Mint)

editorials

Updated on Feb 08, 2019 02:42 PM IST

Hindustan Times | ByHT Correspondent

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core inflation news

Latest from core inflation

Whether or not the headline number will align itself to the Reserve Bank of India (RBI)’s target of 4% has pretty much become a function of food prices

US inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars.

Creating mass demand, leading to a boom in investment, is necessary; encouraging consuming classes to spend will help

Volatile food prices, abetted by the climate crisis, and geopolitical unrest complicate policy choices

Aligning inflation targeting with core instead of headline inflation needs a sound method to capture core inflation expectations first

Economic Survey said in FY22 and FY23, COVID-19 pandemic, geopolitical tensions, and supply disruptions contributed to rising inflationary pressures globally.

The survey said India successfully managed to keep retail inflation at 5.4% in FY24, the lowest level since the Covid-19 pandemic period

INDIA-ECONOMY-POLL:India inflation seen up in June due to soaring vegetable prices: Reuters poll

With rate cuts in the US becoming increasingly unlikely this year, RBI will have one more reason to postpone its monetary easing.

Inflation management is a battle policymakers are more likely to lose because of climate or geopolitical shocks than textbook demand-supply imbalances.

Norway’s underlying inflation slowed more than expected last month, countering recent evidence of resilience in the Nordic economy and backing the central bank’s main scenario of an interest-rate cut in September.

RBI has maintained its stance on policy rate citing food inflation. But tying policy to food prices may force economy to sacrifice growth

The headline number staying unchanged suggests that the MPC’s tone will also remain the same.

Surging gasoline prices and potential impacts on US inflation take center stage.

Faced with low core inflation and high food inflation, RBI will likely tilt towards a longer disinflationary stance, to achieve the 4% CPI rate

The year was particularly challenging one, as the country was hit by intense heatwaves, erratic rains, floods, droughts, storms and cyclones

While domestic macro fundamentals are strong and improving, downside risks arise from global headwinds and uncertainties in weather conditions

The spike in inflation, which will be painful for the poor, is a result of the climate crisis, making it difficult to control through monetary policy

The govt has implemented anti-inflation measures with mixed results, and with key assembly polls, it will be important to monitor their stance on price controls

India’s benchmark inflation rate, as measured by the Consumer Price Index (CPI) fell to 4

Headline inflation has once again come within the Reserve Bank of India’s tolerance band of 2-6% after two months, and is the lowest since November 2021

The MPC’s decision to pause the rate hike cycle should not distract it from its objective of restoring price stability in the economy

Viral Acharya's new paper, which is likely to create a big debate, suggests that the monopolistic practices of a few firms are contributing to inflation.

New records are being witnessed in South Korea, Japan, Australia, Pakistan among other nations amid inflation.

The tax, which may be levied when oil prices, for instance, cross a certain level, will boost the government’s finances, and help fund efforts to protect vulnerable sections from rampant inflation.

Retail food prices, which make up nearly half of the India’s inflation basket, increased 14.12% in December from a year earlier, against 10.01% in November.

Core inflation – the non-food non-fuel component of CPI basket – has also increased marginally after declining for four consecutive months, even as the headline numbers were rising.

According to an SBI note, core CPI will go down and the headline CPI will increase, leading to convergence in coming months.

A decelerating economy in the midst of elections can create problems for the incumbent political party

While welcome, the central bank’s move to cut its policy rate by 0.25 percentage point, is a gamble of sorts. Or actually, three gambles, a radical development for an organisation that rarely, if at all, takes chances.

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