As India’s retail inflation witnessed six-year low in the month of March, items that witnessed the steepest decline in prices were ginger, tomato, cauliflower, jeera and garlic.
India’s latest inflation data has landed like a cool breeze in the sweltering summer of economic uncertainty.
Wholesale price inflation in March eased to 2.05% against 2.38% in February, data by the government showed on Tuesday.
The Shehbaz Sharif-led Pakistani government, which had initially made tall claims about launching austerity plans and cutting down on expenditures, has approved a staggering 188 per cent increase in the salaries of cabinet ministers, ministers of state and advisors.
The wholesale inflation in February quickened to 2.38 per cent on an annual basis, as against 2.31 per cent in January, government data showed on Monday.
Healthy farm incomes should provide support to rural incomes next fiscal (FY26) and lower inflation and scope for reduced interest rates should improve purchasing power for discretionary spending in India, a report showed on Wednesday.
The US Federal Reserve’s decision to lower its benchmark interest rate to a range of 4.25-4.50 per cent marks a turning point in its monetary policy.
The annual rate of inflation based on the all-India wholesale price index (WPI) number is 1.89% (provisional) for the month of November, data released by the government said on Monday.
The slowing inflation marks a reversal of the increasing trend in the previous two months when the inflation rate touched 6.21 per cent in October.
India's retail inflation in November was recorded at 5.48%, compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation said.
