When RBI analysts start to write articles worrying about something you know things might be getting out of hand. Off late, if there’s one thing that seems to be slipping out of everybody’s hands, it's tomatoes. Soaring tomato prices across the country have caught the attention of RBI analysts, who think, the spike in tomato prices is a serious concern. If unchecked, the last-mile battle to keep inflation under control can prove to be difficult.
18 Jul 2023Things got costlier in June. Data released by the Ministry of Statistics put retail inflation at 4.81%. This is a spike of .49% from 4.25% in May which was a 25-month low. Despite the spike, retail inflation is within RBI’s tolerance range. For the last 4 months, RBI has successfully kept inflation between its preferred 2-6% range.
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2 Apr 2023The latest move comes after official data showed that consumer price index based inflation was at 7.01% in June
1 min read24 Jul 2022The effect of tariffs, such as those imposed by the US on China, depends on the elasticity of demand for the final products, a study finds
1 min read17 Sep 2020At closing, BSE Sensex was down 0.61% or 247.55 points at 40,40239.88 points, while the Nifty 50 index was down 0.68% or 80.70 points at 11,856.80 pointsIT stocks weakened for the second straight session today, as the rupee strengthened
3 min read10 Dec 2019The domestic currency has depreciated around 2.72% so far this year and nearly 3.65% in AugustImported inflation calculated using the wholesale price index components was in negative territory in July
3 min read8 Sep 2019CPI for agricultural workers and rural workers were framed taking 1986-87 as the base yearNew indices will help in deciding respectable wage rates at state level for rural, agricultural workers
2 min read19 Aug 2019Crude oil price has been benign in recent pastWith the slowdown in growth rate affecting profits and jobs, businesses are expecting fiscal measures from the government to stage a turnaround
1 min read13 Aug 2019The consumer price index rose just 1.5 % in February year-on-year, compared with 1.7 % in JanuaryIt has now declined for four consecutive months and is at its lowest point since January 2018
1 min read9 Mar 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared