Wholesale Price Index skyrockets to 12.94%; fuel and power inflation in the WPI basket jump to 37.61%

Elevated global commodity prices, highly taxed auto fuels and unfavourable base effect propelled wholesale price inflation in May 2021 to 12.94%, the highest in the current series with 2011-12 base year, official data released on Monday showed. Retail inflation, too, spiked to a six-month high of 6.30% in May, as food inflation returned, aided by a 30.84% rise in […]

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India’s inflation “uncomfortably high”: Moody’s Analytics

India’s inflation is at “uncomfortably high” level, which is an exception among Asian economies, Moody’s Analytics said. Higher fuel prices will keep upward pressure on retail inflation and keep the RBI from offering further rate cuts, said Moody’s Analytics, a financial intelligence company. Retail inflation rose to 5 per cent in February, from 4.1 per cent in […]

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India’s GDP grows at 6.6% in third quarter of FY2019

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India’s Gross Domestic Product (GDP) grew a lower-than-expected 6.6 per cent in the October-December period, the lowest in five quarters, dragged by lower farm and manufacturing growth, government data showed. India’s GDP growth was revised down to 7 per cent from 7.1 per cent in the second quarter ended September 30, 2018, according to data released […]

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