India may not feel the pinch of high global food inflation

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Despite concerns about rising global inflation, India’s inflation rate is likely to remain range-bound to moderate in coming months as domestic food prices are likely to come down, economists said. However, the inflation level may remain above an optimal comfort level of around 4%. The Reserve Bank of India had recently revised its projection for Consumer […]

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India’s high food inflation rate may start to ease in coming weeks

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Despite two successive record seasonal harvests, food inflation in India remains stubbornly high, prompting the government to announce this week that it will be soon importing certain vegetables. While the inflation rate is expected to ease in coming weeks, prices are unlikely to fall drastically any time soon. Retail inflation rose to 7.3% in September — […]

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India’s Chief Economic Advisor calls recent inflation spike transitory

A surge in onion prices contributed around 70 basis points to retail inflation that scaled a 68-month peak of 7.59 per cent in January, chief economic adviser Krishnamurthy Subramanian said, stressing that the latest spike in inflation is “transitory” and is substantially driven by volatile vegetable prices and an unfavourable base, reported Financial Express.. He […]

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Retail inflation spikes to 3-yr high; Exports contract marginally; Industrial output contracts

Rising food prices pushed the retail inflation in November 2019 to over three-year high of 5.54 per cent, breaching the Reserve Bank’s medium-term target of 4 per cent, thus justifying the central bank’s decision to keep the benchmark interest rate unchanged in its monetary policy earlier this month. According to the data released by the […]

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India’s manufacturing sector activity growth inches up in November 2019: IHS Markit

After  months of despair, India’s manufacturing sector activity inched up in November 2019, but the upturn remained subdued as growth rates for new orders as well as production were modest, a monthly survey said. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a […]

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