Cpi Inflation News

While most analysts believe retail inflation could come near the 5 per cent mark, they appear remarkably divided in their views on IIP prints.

India's retail inflation rose to 5.1 per cent in January while the country's economy grew 8.4 per cent during the October-December quarter of the current financial year.

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The retail inflation, based on consumer price index, was at a six-year high of 7.61% in October'The lockdown and subsequent disruptions of supply chains impacted prices of essential items'

Urban retail inflation in services was 7.74% in September while rural came in at a lower 6.12%One of the reasons why inflation ha been driven by urban areas lately, is that cities and smaller urban centres were hit the hardest by lockdowns

Food inflation quickened to 10.68% in September from 9.05% in the preceding month, driven by higher prices of vegetables, fish, meat, pulses, eggs and spices

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Retail inflation eased marginally to 6.69% in August from 6.73% in July but stayed above the Reserve Bank of India's target

While CPI is the most relevant index for the consumer as it shows the increase in their actual outgo, it is not a completely accurate cost of living indicator since it focuses on certain goods and services more than others.

CPI Inflation averaged 3.4% in FY 2018-19, 3.6% in FY 17-18 and 4.5% in FY 2016-17The spike in inflation is a departure from the muted trend over the past 3-4 years