India WPI Hits 1.81% in January, Food Prices Push Inflation to 10-Month High
India's Wholesale Inflation Climbs to 10-Month High at 1.81% in January as Food and Beverage Prices Surge, Signalling Fresh Cost Pressures in Supply Chain
India's Wholesale Inflation Climbs to 10-Month High at 1.81% in January as Food and Beverage Prices Surge, Signalling Fresh Cost Pressures in Supply Chain
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The influx of fresh winter produce into markets over recent months has contributed to a consistent slowdown in the price increases of food items, which account for nearly half of the inflation basket.
Food inflation rose by double digits for the first time in fifteen months to 10.9 percent from 9.2 percent in the previous month, according to data released by the government on November 12.
India’s headline retail inflation eased to the lowest in a year at 4.75 percent in May 2024, data released by the statistics and programme implementation ministry on June 12 showed
According to the poll, the volatile food prices have probably moderated after a spike in July and August. Though the prices of onions are still rising sharply
With this easing CPI inflation, economists expect the RBI’s MPC to hold repo rates again in its October monetary policy