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Latest from india inflation

Inflation dips to 3.54%, lowest since August 2019

India's inflation rate dropped to a 5-year low of 3.5% in July, below the RBI's 4% target, mainly due to a favorable base effect, not a significant economic change.

Shoppers walk inside a shoe store at a market area in New Delhi, India, July 23, 2024. REUTERS/Priyanshu Singh (REUTERS)

india news

Updated on Aug 13, 2024 07:30 AM IST

ByRoshan Kishore, New Delhi

Wholesale inflation at 3-year low, falls to -3.48% in May from -0.92% in April

In May, 2022 WPI inflation was at 16.63 per cent.

Inflation in food articles eased to 1.51 per cent in May, against 3.54 per cent in April. (representative)

business

Published on Jun 14, 2023 01:53 PM IST

PTI |

Retail inflation climbs to 3-month high of 6.52% in January

Retail inflation figures: The inflation rate based on the Consumer Price Index (CPI) stood at 5.72 per cent December and 6.01 per cent in January 2022.

Retail inflation rose to 6.52 pc in January.

business

Published on Feb 13, 2023 05:40 PM IST

PTI | | Posted by Singh Rahul Sunilkumar

November retail inflation eases below 6% for the first time this year

This is the first time in 11 months that the retail inflation print has come within the RBI's tolerance band of 4 (+ /- 2) per cent. The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.

The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.(AFP)

business

Published on Dec 12, 2022 06:05 PM IST

PTI | | Posted by Singh Rahul Sunilkumar

'Worst to come... 2023 will feel like recession': IMF warns, cuts India forecast

The IMF's revised global forecast is 0.2 points down from July expectations and the growth profile is the 'weakest' since 2001

India's GDP growth slashed to 6.8 per cent by International Monetary Fund (File)

world news

Updated on Oct 11, 2022 08:59 PM IST

ByChandrashekar Srinivasan

‘Democracy is a memory’: Rahul Gandhi, detained, on Congress MPs-cops faceoff

Congress-Halla Bol Protest: The pan-India protest has been launched against inflation.

Rahul Gandhi tweeted photographs of Congress leaders protesting in Delhi.

india news

Updated on Aug 05, 2022 03:29 PM IST

BySwati Bhasin, New Delhi

‘India seeing death of democracy’: Rahul Gandhi as Congress protests inflation

Congress is holding pan-India “Halla Bol” protests on inflation.

india news

Published on Aug 05, 2022 09:57 AM IST

BySwati Bhasin, New Delhi

RBI expected to hike policy rates for 3rd time in row in fight against inflation

India's inflation currently stands at 7 per cent and finance minister Nirmala Sitharaman said earlier this week that government has been trying to keep it under 6 per cent.

The second bi-monthly meeting of the RBI Monetary Policy Committee started on Wednesday.(Mint Archives)

business

Updated on Aug 05, 2022 11:57 AM IST

ByHT News Desk | Edited by Swati Bhasin, New Delhi

Congress's ‘anti-inflation’ protest today amid ED probe in National Herald case

Opposition has been raising the issue of inflation ever since the monsoon session began.

The Congress has been holding protests against the government amid the National Herald case probe against the Gandhis. (PTI FILE)

india news

Published on Aug 05, 2022 07:19 AM IST

BySwati Bhasin

'Disappointing…': Opposition reacts on FM's Lok Sabha speech on price rise

The finance minister had said that the global agencies have ranked India's economy as high, adding that the country is still the fastest growing economy.

Congress leader Manish Tiwari lashed out at the government for ignoring the concerns raised by the opposition on Monday.

india news

Published on Aug 01, 2022 09:53 PM IST

ByHT News Desk | Written by Nisha Anand | Edited by Aryan Prakash

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

Reboot, not reform, is the key economic challenge

While there is more than enough evidence to show that the BJP under Narendra Modi has managed to buck economic headwinds to its political fortunes, there can be little doubt that both the government and the BJP would like to revive the economy as soon as they can.

What has changed in the eight years of Narendra Modi and his government have spent in power, is that reform, or lack of it, is not the central parameter on which this government is being judged anymore. (BLOOMBERG PHOTO.)(HT_PRINT)

india news

Updated on May 26, 2022 11:51 AM IST

ByRoshan Kishore

FY23 consumer inflation likely to hit 7.5%, shoot past RBI ceiling of 6%: Report

The RBI targets inflation in the 2%-6% band and has forecast it to average at 5.7% in the fiscal year to March 2023. That is below economists’ forecasts for an average reading of 6.2% in a Bloomberg survey.

A woman pushes a shopping cart through the grocery aisle. (Photo by Jim WATSON / AFP)(AFP)

business

Published on May 24, 2022 04:58 PM IST

Bloomberg |

In fight against inflation, govt cuts excise on fuel

FM also announces additional fertiliser subsidy of ₹1.10L-cr to aid farmers, ₹200 per LPG refill under Ujjawala scheme to help households

The move will reduce the price of petrol by <span class='webrupee'>₹</span>9.5 per litre. REUTERS (REUTERS)

india news

Updated on May 22, 2022 05:07 AM IST

ByRajeev Jayaswal

Navjot Singh Sidhu rides elephant in Patiala to protest against rising inflation

The centre has been fiercely criticised over the issue of rising prices and unemployment.

Congress leader Navjot Singh Sidhu rides an elephant in order to protest over inflation in Patiala

india news

Updated on May 19, 2022 03:25 PM IST

Written by Kanishka Singharia | Edited by Chandrashekar Srinivasan

April wholesale inflation surges to 15.08%, up from 14.55% in March

Wholesale prices rose 15.08% in April from a year earlier, data released by the Commerce Ministry showed Tuesday.

Rising consumer inflation has increased the cost of living for average Indians, who are paying higher prices for a range of commodities, from fuel, electronics and transport to basic food items. (REUTERS File Photo)

business

Published on May 17, 2022 12:30 PM IST

Bloomberg |

Retail inflation rises to 7.8%, highest in 8 years

"Global economy, still in the process of reversing supply-side disruptions caused by the Covid-19 pandemic, would have been far more comfortably placed in the absence of the Russia-Ukraine conflict and the economic sanctions it has led to,” the Department of Economic Affairs said.

Experts believe that this combination of tepid economic activity and high inflation poses serious challenges for the Indian economy going forward.(Sanjeev Verma/HT ARCHIVE)

business

Updated on May 13, 2022 03:10 AM IST

ByRoshan Kishore

Inflation surges to 8-year high, interest rate hike may be on cards

Retail inflation (CPI) in April soared to a 95-month high on the back of a surge in prices across all major commodity groups. It was way back in May 2014 that CPI inflation was at 8.3 per cent.

Core inflation, which has remained at more than 5 per cent for 24 consecutive months, in April also touched 95-month high at 6.97 per cent.(AFP)

business

Published on May 12, 2022 11:02 PM IST

PTI |

Edible oil industry says govt must talk to Indonesia over palm oil ban

Indonesia, which is the world's largest producer of palm oil and meets nearly 50 per cent of the total palm oil requirement in India annually, had announced to ban exports till further notice apparently to contain edible oil prices in their domestic market.

Oil and fats contributed to around 60 per cent of food and beverages inflation in the country.(Representational image)

business

Published on Apr 25, 2022 01:14 PM IST

PTI |

Number Theory: India’s growth-inflation challenge in four charts

Earlier this week, the ministry of commerce and industry released the wholesale price index (WPI) for the month of March. At 14.5%, it was the second highest since 2012. Almost all institutional and private forecasts expect tailwinds to inflation and headwinds to growth in the global economy.

IMF’s latest WEO expects Indian economy to grow at 8.2% in 2022-23.(Shutterstock)

india news

Updated on Apr 21, 2022 01:10 PM IST

ByRoshan Kishore

Wholesale inflation shoots up to 14.5% on pricier fuels

The latest WPI value, which is the second highest in the current series (since April 2012), comes after retail inflation, as measured by the Consumer Price Index (CPI), surprised analysts to grow at 6.95% in March 2022.

A labourer carries a sack of onions at a wholesale market in Kolkata.(REUTERS)

india news

Updated on Apr 19, 2022 05:04 AM IST

ByRoshan Kishore

March high inflation rate due to Russia-Ukraine conflict, says government

March inflation: In March 2021, the government had registered a WPI of 7.89 per cent, according to the official figures.

A worker holds a fuel nozzle at a petrol pump in Mumbai (REUTERS)

business

Published on Apr 18, 2022 01:37 PM IST

BySwati Bhasin

Making sense of inflation and the IIP numbers

The National Statistical Office (NSO) released the numbers for Consumer Price Index (CPI) for March and Index of Industrial Production (IIP) for February on April 12

CPI growth surged to 6.95% in March, and IIP growth was a muted 1.7% in February. (REUTERS PHOTO.)

india news

Updated on Apr 13, 2022 06:56 AM IST

ByRoshan Kishore

Cost of living rises in India as companies pass on higher prices to consumers

Higher retail fuel prices are also threatening to hurt demand just as the economy returned to its first full-year of growth after the pandemic-induced 6.6% contraction in the fiscal year ended March 2021.

Companies passing on costs will add to inflationary pressures, but the consumer price-targeting RBI has maintained that the current spike is supply driven and best dealt with by the government.(HT file photo)

business

Published on Apr 05, 2022 02:35 PM IST

Bloomberg |

Video| In attack on BJP, Jharkhand CM links inflation to female infanticide

Hemant Soren linked inflation to rise in poverty and gender bias, and insisted that it will lead to disarray in the society

Jharkhand chief minister Hemant Soren targeted the BJP-led central government in his latest remarks. (ANI) (File photo)(HT_PRINT)

india news

Published on Mar 26, 2022 07:12 AM IST

BySwati Bhasin

Rahul Gandhi's fresh attack on BJP after polls: 'Inflation a tax on all Indians'

Earlier on Tuesday, Rahul Gandhi had targeted the centre over the rate cut in provident fund

Congress leader Rahul Gandhi seen in a file photo. (ANI Photo)

india news

Published on Mar 19, 2022 12:30 PM IST

BySwati Bhasin

WPI inflation rises to 13.11% in February due to sharp jump in fuel prices

The annual rate of Wholesale Price Index (WPI) based inflation stood at 4.83 per cent in February 2021.

Prices of food articles declined by 0.87 per cent in February 2022 as compared to January 2022. (File photo)

business

Published on Mar 14, 2022 03:00 PM IST

ANI |

Global economy heads for a sharp slowdown, India to grow at 8.3%: World Bank

The World Bank’s Global Economic Prospects Report kept its 8.3% growth projection for India in 2021-22 unchanged but upgraded its forecast for 2022-23 and 2023-24 to 8.7% and 6.8%, respectively

The World Bank’s Global Economic Prospects Report upgraded its forecast for the Indian economy for the next two financial years. (REUTERS)

india news

Published on Jan 11, 2022 09:09 PM IST

ByPrashant Jha, Hindustan Times, New Delhi

Rahul, Priyanka to address ‘decisive’ rally against inflation in Jaipur today

State chief minister Ashok Gehlot and former Congress leaders from Rajasthan are also expected to attend the "Mehengai Hatao Mahararally," according to a report by PTI.

Priyanka Gandhi Vadra, Rahul Gandhi and Sonia Gandhi (File Photo/PTI)

india news

Published on Dec 12, 2021 06:24 AM IST

Byhindustantimes.com

Five charts that explain the inflation situation in India

Retail inflation, as measured by the Consumer Price Index (CPI) grew at 4.5% on a year-on-year basis in October.

The Bloomberg Commodity Index – it is a weighted average of prices of energy, grains, industrial and precious metals, cotton and livestock – has increased significantly in the post-pandemic period.(Reuters | Representational image)

india news

Updated on Nov 22, 2021 01:50 AM IST

ByRoshan Kishore

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india inflation news

Latest from india inflation

India's inflation rate dropped to a 5-year low of 3.5% in July, below the RBI's 4% target, mainly due to a favorable base effect, not a significant economic change.

In May, 2022 WPI inflation was at 16.63 per cent.

Retail inflation figures: The inflation rate based on the Consumer Price Index (CPI) stood at 5.72 per cent December and 6.01 per cent in January 2022.

This is the first time in 11 months that the retail inflation print has come within the RBI's tolerance band of 4 (+ /- 2) per cent. The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.

The IMF's revised global forecast is 0.2 points down from July expectations and the growth profile is the 'weakest' since 2001

Congress-Halla Bol Protest: The pan-India protest has been launched against inflation.

Congress is holding pan-India “Halla Bol” protests on inflation.

India's inflation currently stands at 7 per cent and finance minister Nirmala Sitharaman said earlier this week that government has been trying to keep it under 6 per cent.

Opposition has been raising the issue of inflation ever since the monsoon session began.

The finance minister had said that the global agencies have ranked India's economy as high, adding that the country is still the fastest growing economy.

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.

While there is more than enough evidence to show that the BJP under Narendra Modi has managed to buck economic headwinds to its political fortunes, there can be little doubt that both the government and the BJP would like to revive the economy as soon as they can.

The RBI targets inflation in the 2%-6% band and has forecast it to average at 5.7% in the fiscal year to March 2023. That is below economists’ forecasts for an average reading of 6.2% in a Bloomberg survey.

FM also announces additional fertiliser subsidy of ₹1.10L-cr to aid farmers, ₹200 per LPG refill under Ujjawala scheme to help households

The centre has been fiercely criticised over the issue of rising prices and unemployment.

Wholesale prices rose 15.08% in April from a year earlier, data released by the Commerce Ministry showed Tuesday.

"Global economy, still in the process of reversing supply-side disruptions caused by the Covid-19 pandemic, would have been far more comfortably placed in the absence of the Russia-Ukraine conflict and the economic sanctions it has led to,” the Department of Economic Affairs said.

Retail inflation (CPI) in April soared to a 95-month high on the back of a surge in prices across all major commodity groups. It was way back in May 2014 that CPI inflation was at 8.3 per cent.

Indonesia, which is the world's largest producer of palm oil and meets nearly 50 per cent of the total palm oil requirement in India annually, had announced to ban exports till further notice apparently to contain edible oil prices in their domestic market.

Earlier this week, the ministry of commerce and industry released the wholesale price index (WPI) for the month of March. At 14.5%, it was the second highest since 2012. Almost all institutional and private forecasts expect tailwinds to inflation and headwinds to growth in the global economy.

The latest WPI value, which is the second highest in the current series (since April 2012), comes after retail inflation, as measured by the Consumer Price Index (CPI), surprised analysts to grow at 6.95% in March 2022.

March inflation: In March 2021, the government had registered a WPI of 7.89 per cent, according to the official figures.

The National Statistical Office (NSO) released the numbers for Consumer Price Index (CPI) for March and Index of Industrial Production (IIP) for February on April 12

Higher retail fuel prices are also threatening to hurt demand just as the economy returned to its first full-year of growth after the pandemic-induced 6.6% contraction in the fiscal year ended March 2021.

Hemant Soren linked inflation to rise in poverty and gender bias, and insisted that it will lead to disarray in the society

Earlier on Tuesday, Rahul Gandhi had targeted the centre over the rate cut in provident fund

The annual rate of Wholesale Price Index (WPI) based inflation stood at 4.83 per cent in February 2021.

The World Bank’s Global Economic Prospects Report kept its 8.3% growth projection for India in 2021-22 unchanged but upgraded its forecast for 2022-23 and 2023-24 to 8.7% and 6.8%, respectively

State chief minister Ashok Gehlot and former Congress leaders from Rajasthan are also expected to attend the "Mehengai Hatao Mahararally," according to a report by PTI.

Retail inflation, as measured by the Consumer Price Index (CPI) grew at 4.5% on a year-on-year basis in October.

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