India has managed to buck the global inflationary tide so far, with wholesale prices declining for six straight months. But this deflationary trend could prove short-lived if crude oil prices see a sustained spike over the coming months, raising the stakes for the ruling party at the Center. With no end in sight to the […]
The central government’s steps to rein in rising food inflation through initiatives like weekly auctions of wheat and rice under the Open Market Sale Scheme (OMSS) met with lukewarm response for rice, even as wheat saw brisk off-take. In the 15th e-auction held on October 4, Food Corporate of India received bids for only 0.05 […]
Christopher Wood, one of the few analysts to warn the public before the 2007 global financial crisis and head of Equity Strategy at brokerage house Jefferies and bitcoin investor, warned that crypto valuations are vulnerable if the US central bank follows through on its plans to tighten money supplies. Wood, a former journalist who also […]
Hero MotoCorp, already suffering from one of the worst demand slow-downs in recent times, said it is being forced to take a fourth round of price increase this year to offset the sharp increase in raw material prices. The latest round of price increases will come into effect on Jan 4, and will be ‘up […]
Maruti Suzuki has said that it will go for a round of price increases next month (April), its second in four months. The company had increased prices of its cars and utility vehicles on Jan 18 this year, citing rising commodity costs. “Over the past year the cost of company’s vehicles has been impacted adversely […]
The central government has temporarily waived the need for states to seek its agreement for issuing orders under the Essential Commodities Act. With this, state governments can issue orders and directions under the act without first seeking the approval of the center till June 30. The Essential Commodities Act, passed in 1955, seeks to ensure […]
The annual rate of inflation, based on monthly WPI, stood at 5.77% (provisional) for the month of June, 2018 (over June, 2017) as compared to 4.43% (provisional) for the previous month and 0.90% during the corresponding month of the previous year. This is one of the highest rates of inflation in recent months, and could […]
High fuel prices, particularly that of diesel, lifted India’s wholesale price index to its highest level since the Narendra Modi government took power almost three years ago. On an overall level, wholesale price of various items jumped 6.55% in February when compared with the prices of the same basket of commodities in the same month […]
The annual rate of inflation, based on monthly WPI, stood at 3.15% for the month of November, 2016 as compared to 3.39% for the previous month and -2.04% during the corresponding month of the previous year. The fall is largely expected due to the impact of the withdrawal of high-denomination currencies during the month. Build […]
The Centre requested states to crack down on hoarders of essential commodities ahead of the festival season, and if necessary, create a special police department for the purpose. As of now, only Tamil Nadu has a special police department dedicated to prevention of hoarding and other price manipulation of essential commodities. At a meeting held […]
The impact of rising prices is being felt more by people in the villages compared to those in the cities due factors including unscrupulous traders, Assocham said. “Amidst the agriculture sector facing a crisis-like situation, distressed rural population is carrying the burden of only in food and beverages but also in a number of essential […]
The overall wholesale price index for January declined by 1.0 percent, primarily due to lower fuel costs, but prices of primary articles and pulses continued to increase or remain high. Total inflation is divided into three groups — primary articles (20% of total), fuel (15%) and manufactured goods (65%). PRIMARY ARTICLES Out of these, primary […]
The Reserve Bank of India has flagged two key areas of concerns as far as monetary policy is concerned – the threat of poor monsoon, and the return of high inflation due to possible increase in oil prices. “While headline inflation has moderated, price pressures arising from a possible sub-normal monsoon and uncertainties about crude […]
State Bank of India, the country’s biggest bank has expressed concern over continuing weak demand in the economy due to “entrenched disinflationary impetus and weak demand,” and suggested that the RBI should cut key interest rates. While economic growth is moderately strong right now, it said, these factors will impact IIP (Index of Industrial Production) […]
On the heels of revising the way in which the Gross Domestic Product or GDP of the country is calculated, the Central Statistics Office has revised the parameters for calculating consumer price inflation. According to the new method, January CPI inflation rose to 5.11% from 4.28% in December, while it was 5% under the old […]
The Reserve Bank of India is very likely to start cutting India’s key interest rates early next month, CARE Ratings said after India’s December consumer inflation number came in at a manageable 5%. It was widely expected that the recent fall in consumer inflation could undergo some reversals in December and January, and the falling […]
The HSBC India Purchasing Managers’ Index (PMI) – a composite indicator designed to give an accurate overview of manufacturing operating conditions – reached a 21-month peak in November, the bank said. However, inflationary pressures intensified during the month, following three consecutive months of easing, HSBC said. “Among the surveyed sub-categories, the sharpest increase in purchase […]
With wholesale inflation dipping to record lows, industry asssociations have renewed their calls for an immediate cut in interest rates. ASSOCHAM for example has sought a repo rate cut of up to 50 basis points (bps) in its fifth bi-monthly monetary policy review scheduled on December 2nd, if monsoon forecast for 2015 is normal, crude […]
Retail inflation is likely to remain slightly below last year’s levels going forward as a higher base and government action prevent a repeat of last year’s spike in prices, CRISIL Research said. It also predicted that the Reserve Bank of India will not cut its interest rate this year. “This year, given the steps taken […]
Retail inflation print is likely to come higher than June due to high fruit and vegetable prices, and the government should act to resolve supply constraints, DBS Bank said in a report. Consumer inflation and IIP numbers are out tomorrow, while wholesale inflation numbers are expected on Thursday. “Headline CPI inflation in July is seen […]
