- Tag results for Inflation
Core inflation in January continued to breach the upper tolerance inflation target band of 6 per cent
RBI's move to reduce key lending rate by 0.25 percent last week also helped in lowering the inflation rate.
Ideally, policymakers and governments favour high growth and low deficits, but worryingly, TS figures among the high growth and high deficit states.
Kerala, which is spending over 17-19 per cent on education, will benefit if funds are oriented towards other areas such as irrigation or roads, a report titled ‘States of Growth 2.0’ suggested.
RBI will announce it's sixth bi-monthly monetary policy on February 7. The report expects CPI at around 3.3 per cent in March 2019.
Lower food prices haven’t brought cheer as farmers have been struck with abysmally low prices for their produce in many categories.
The Wholesale Price Index (WPI)-based inflation stood was 5.28 per cent in October and 4.02 per cent in November last year.
According to data released by the ministry of statistics and programme implementation, the consumer food price index was at -2.61 per cent as against -0.86 per cent earlier.
The decision to keep the repo rate unchanged at 6.50 per cent was as predicted by 64 of 70 analysts in a Reuters poll. The central bank also retained its 'calibrated tightening' stance as expected.
In September 2016, when the Reserve Bank of India (RBI) adopted inflation targeting as its core mandate, it was expected to reduce uncertainty surrounding price rise.
Increasing population in past 10 years have resulted in increase of housing prices.
Various food articles saw reduction of their prices as prices of petrol and diesel increased.
Although this allows easier lending policies, sinking farm prices challenge the rural sector.
Even on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in October 2018 was lower than in the corresponding period of last year, when retail inflation stood at 3.58 per cent.
The inflation in the economy is your biggest enemy when it comes to money. Your money today is not worth so much 10 years from now.