WPI inflation recorded at 1.89% for November
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 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.
The three-day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, as the central bank seeks to balance fostering economic growth with managing inflation.
India's retail inflation jumped in October 6.21 per cent, a 14-month high, driven by elevated food inflation in a few vegetables.
The first post-election Union Budget has sparked significant interest, particularly due to its dual focus on job creation and rural development.
The latest survey released by FICCI here on Thursday predicted an annual median GDP growth forecast for the year 2024-25 at 7% and CPI inflation at 4.5% for the same period.
The wholesale inflation in India rose for the fourth consecutive month in June at 3.36%, riding on rise in prices of food articles, especially vegetables and manufactured items.
In the intricacies of economic policy, the relationship between inflation and interest rates is a pivotal one.
The economic recovery from the Covid-19 pandemic in India has been marked by a stark K-shaped pattern, where different segments of the population experience recovery at varying rates.
