Even as the country’s retail inflation cooled off in August, an October rate hike by the Reserve bank of India (RBI) is imminent, a SBI Ecowrap report said on Wednesday. “Even though CPI (Consumer Price Index) inflation has cooled off, we believe October rate hike of 25 bps is imminent,[Read More…]
Tag: retail inflation
May retail inflation rises to 5%, so does April’s industrial output
New Delhi: High food and fuel prices lifted India’s May retail inflation close to the 5 per cent mark, even as the manufacturing sector pushed the country’s April industrial production higher by 4.9 per cent. The macro-data points — Consumer Price Index (CPI) Numbers for May and the Quick estimates[Read More…]
India’s retail inflation for January eases to 5.07%
New Delhi: India’s retail inflation for January has eased down to 5.07 per cent compared to 5.21 per cent in December 2017, according to data released by the Central Statistics Office on Monday. On a year-on-year (YoY) basis, the CPI inflation last month was 3.17 per cent in January 2017. [Read More…]