Sharp decline in the inflation rate based on CPI in July 2024
There is sharp decline in the Year-on-year inflation rate based on All India Consumer Price Index (CPI) number for the month of July, 2024, which is the lowest in the last 59 months. Year-on-year inflation rate based on All India Consumer Price Index (CPI) number is 3.54% (Provisional) for the month of July, 2024. Corresponding […]
Inflation concerns persist for milk, cereals and pulses
Vegetable prices may have slowly started decreasing, but other food products, including cereals, pulses, spices and milk may only give comfort for a while. The expectation is that August inflation could be in the range of 6.5 to 7.2 per cent. Data from Consumer Affairs Ministry tabled in Parliament showed divergent price trends for various […]
Milk and milk products’ inflation eased marginally to 8.85% in April
India’s retail inflation slid to an 18-month low of 4.7% in April, staying below the Reserve Bank of India’s 6% tolerance threshold for price rise for the second successive month, aided by the base effects from last April when it had hit an eight-year high of 7.8%. Price rise faced by urban consumers cooled to 4.85% in April […]
What does data tell us about spike in milk prices?
When read with wholesale inflation for dairy products, there seems to be a close connection between rise in fodder and dairy product inflation Anecdotal accounts of dairy products being unavailable in markets combined with high inflation for milk and milk products, recent speculation about the government allowing milk imports, and its subsequent refutation by the […]
Fodder cost whips up milk prices: R S Sodhi
While cereals inflation of 12 to 13 percent has caught headlines, the second largest factor pushing up food inflation is milk prices. In February Consumer Price Index (CPI) data showed milk prices up by 9.6 percent from year-ago levels; higher than an already elevated 8.8 percent year-on-year rise in January. And while cereal prices will […]
Inflation in Feb 6.44% on prices of cereals, milk
A hike will add to the cumulative rate hike of 2.5 percentage points since May 2022 and is bound to generate growth headwinds for what is already a slowing economy. India’s benchmark inflation number, as measured by the Consumer Price Index (CPI) grew at 6.44% in February on the back of sticky core inflation, and […]
Milk and milk products have an average weightage of 6.61 % in CPI
After moderating in the previous three months, inflation rate based on the Consumer Price Index (CPI) for January surpassed the upper threshold of the Reserve Bank of India’s tolerance band. The increase in retail inflation from 5.7 per cent in December to 6.5 per cent in January was largely driven by food prices, particularly cereals. Inflation in cereals […]
November saw moderation in inflation but not in all the states
Retail inflation measured by the year-on-year change in Consumer Price Index (CPI) moderated sharply to 5.88 percent in November from 6.7 percent in October. This is the first print below 6 per cent, the upper threshold since January this year. The decline was due to moderation in food prices. Food prices eased on account of […]
Milk price hike likely to lift Aug CPI by 10-30 bps, economists say
The recent hike in milk prices by major dairy companies of India is likely to lift CPI inflation for August by 10-30 basis points, economists say. The Gujarat Cooperative Milk Marketing Federation Ltd, which sells milk under the Amul brand, and Mother Dairy have increased prices of liquid milk by 2 rupees a ltr from Wednesday, to offset […]