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.
To give common people some respite from sky-rocketing prices of essential commodities in the face of extreme heat, particularly vegetables
The Wholesale Price Index (WPI)-based inflation of the country rose to 2.61 per cent in May, marking a 15-month high, the government said on Friday.
The vegetarian thali has become dearer by 9% to Rs 27.8 in May due to costlier vegetables marking a surge from Rs 25.5 same month last year, according to ratings agency CRISIL.
The AAP leader said prior to the 2014 elections, the BJP sought votes in the country making inflation its biggest issue and gave the slogan ‘Bahut hui mehangai ki maar, Abki baar Modi Sarkar’ (Enough of inflation, this time it’s the Modi government).
The report, released on Thursday, also said that going forward robust foreign inflows and comfortable trade deficits are expected to keep the rupee within a comfortable range.
