Inflation rose to 4.96 per cent for the week ended July 1 from 4.84 per cent
Though retailers attribute the price rise to traffic restrictions imposed within the city in view of the Commonwealth Games, officials and wholesale traders disagree.
Inflation based on the wholesale price index rose to 4.24% during the week ended October 1 from 3.97 per cent a week ago
An appropriate policy response always warrants a correct diagnosis of the problem. That is why the recent trend in inflation and its causes, and the inflation outlook take on exceptional importance ahead of the RBI's policy review on January 25.
This is the lowest rate of price rise in food items in the last 18 months, when separate data for food inflation first started coming in.
Inflation shot up to 8.43 per cent in December, from 7.48 per cent in the previous month, as prices of certain food and non-food items continued to show an upward trend.
Wholesale price inflation declined to 7.48 per cent in November from 8.58 per cent in October, mainly boosted by lowering of pressure on certain food items.
'If you see the composition of items which are causing this spike in prices, most of them have little to do with the kharif harvest, except for pulses and vegetables to some extent.' 'I don't know on what basis the government is claiming that food prices will moderate in the weeks to come.'
The rise in overall inflation for the second month in a row may prompt the central bank to go for another round of policy rate hikes in its policy review meeting, scheduled for May 3.
The present monthly inflation measurement system, based on the wholesale price index, reflects the price variations of 435 items.
Food inflation stood at 20.18 per cent in the comparable period last year.
Overall inflation rose marginally to 8.31 per cent in February, 2011, from 8.23 per cent in the previous month.
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Wholesale prices too rose at the same pace to 45-55 per kg in the national capital and other states.
Wholesale price-based inflation, which dipped to sub-zero levels following the impact of the global crisis, has started firming up and rose to 7.3 per cent in December, 2009.
The rate of price rise in food items stood at 17.14 per cent in the corresponding week of 2010.
The chances of ending the current fiscal year at anywhere near the 5.5 per cent that RBI officially targets seem bleak indeed.
The Reserve Bank on Thursday said the country's wholesale price-based inflation and industrial production data should be improved and employment data availed for effective monetary policy management.
The broader NSE Nifty struggled before ending well above the 10,500-mark.
The empowered group of ministers on fuel pricing is to meet this week to take a view on the price of diesel.
Though onion prices have begun downhill journey in major cities, citizens across the country continued to be battered by high rates of other important vegetables--tomato and garlic-- whose rates have soared astronomically across the country.
After government's measures like export ban and import from Pakistan, average wholesale prices of onion in Nashik district's various Agriculture Produce Market Committee (APMC) markets have come down by around 45 per cent to Rs 2,071 a quintal in the last three days.
As per data released by government on Thursday, price of pulses became cheaper by 5.63 per cent year-on-year.
Food inflation surged to a four-and-a-half month high of 9.90 per cent during the week ended July 30 on the back of costlier onions, fruits, vegetables and protein-based items.
Indian households database Consumer Pyramids answers why two years of high inflation did not matter to the consumers of the country.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
Food inflation, measured by the Wholesale Price Index, was 7.33 per cent in the previous week.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
The common man's main grouse is high inflation numbers. But there are other anomalies as well that need to be addressed.
Meanwhile, inflation of non-food articles was at 15.50 per cent for the week ended July 9, compared to 15.20 per cent in the previous week.
In the month of May wholesale price inflation entered double digits and stood at 10.16 per cent.
In a major decision to bring petroleum products in line with market rates, the government on Friday freed petrol from all pricing controls and hiked diesel prices by Rs 2 a litre.
Vegetable arrivals at mandis, especially in Maharashtra, have declined by more than 50 per cent since the beginning of the month.
Food inflation, as measured by the Wholesale Price Index, stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year.
The RBI's big decision is not how much to ease but whether to monetise the fiscal deficit.
The latest numbers likely to be seen by the government as a silver lining after the slowdown in economic growth during the first quarter.
Inflation jumped to 4.78 per cent in November, driven by rising prices of essential food items like pulses, fruits and vegetables.
As gold prices turn prohibitive, traders fear a drop of as much as 50% in sales over the previous season.
A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Wednesday.
The rate of price rise in food items, as calculated on the basis of the wholesale price index, was 8.53 per cent in the previous week and 21.46 per cent in the comparable period of 2010.
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