Inflation fell to 33-week low of 5.42 per cent for the week ended January 15 mainly due to lower prices of essential items like vegetables, fruits, tea, edible oil and naphtha.
If you have indeed chosen your company wisely and have not paid too high a price to buy a part of it, you can indeed expect compounding to work in your favour and a great overall return over the long term. Inflation or no inflation, that would surely be a good position to be in!
Inflation based on the wholesale price index zoomed to 6.12 per cent for the week ended January 6
The wholesale price index based inflation rose to 12.44 per cent for the week ended August 2. Wheat has a weight of 1.38 per cent in the index. The department of economic affairs and the department of food and public distribution are in favour of selling 4 million tonnes wheat.
Professional forecasters have added to Reserve Bank of India Governor Duvvurri Subbarao's dilemma on timing the exit from an accommodative monetary policy stance.
The Reserve Bank of India has painted a gloomy picture for the economy. A survey conducted by the central bank said India's gross domestic product (GDP) would grow 7.9 per cent this year against the earlier projection of 8.1 per cent.
The overall market breadth remained firm as 1,618 stocks are advancing while 1,270 are declining.
The latest numbers are the lowest since December 2009 when headline inflation was at 7.15 per cent.
A sharp 12 per cent fall in the prices of vegetables pulled down inflation only marginally to 7.3 per cent for the week ended November 27
Contrary to expectations that it might fall after a cut in petrol prices, inflation remained unchanged at 7.34 per cent during the week ended November 20
The wholesale price-based inflation spiked to 12.54 per cent in October, mainly due to rise in prices of manufactured products and crude petroleum. WPI inflation has remained in double digit for the seventh consecutive month beginning April. Inflation in September this year was at 10.66 per cent, while in October 2020 it was at 1.31 per cent.
There is no end in sight to the Centre's inflation woes. The wholesale price index-based inflation is expected to rise to 11.42 per cent for the week ended June 14, data for which will be released on Friday.
Inflation fell by 0.18 per cent to 7.2 per cent for the week ended October 2, even as vegetable prices shot up by about 14 per cent.
The latest numbers are the lowest since December 2009 when headline inflation was at 7.15 per cent.
Essential items are 65 per cent costlier than last year; traders blame it on higher MSP, confusion in govt.
After 16 weeks of over 5 per cent, inflation fell to 4.91 per cent mark for the week ended March 6 due to the sharp fall in prices of vegetables, wheat, fuel products and manufactured items including food products.
Inflation rose for the ninth consecutive week to touch 39-week high of 6.21 per cent for the week ended January 10 with primary articles, including food products, and manufactured products becoming costlier.
Inflation has zoomed to a three-year high of 7.41 per cent for the week ended March 29, against 7 per cent in the previous week.The wholesale price-based inflation, which stood at 7 per cent in the previous week, surged this time mainly on account of rising prices of fruits and vegetables, pulses, cereals, condiment and spices and some manufactured items.
Inflation rose to over nine-month high at 5.11 per cent for the week ended March 1, due to rise in prices of some manufactured items and aviation turbine fuel, dashing all hopes of interest rate cuts by the RBI to boost the sagging industrial production.The Wholesale Price Index-based Inflation rate stood at 5.02 per cent in the previous week and 6.51 per cent in the correspondingly week a year earlier.
Weights of the fuel group are set to rise in the revised Wholesale Price Index.
If the difference between provisional and final wholesale price index (WPI) numbers is taken as a leading indicator, the headline inflation rate, which is hovering around zero, is unlikely to change direction.
A sharp fall in the prices of fruits and vegetables notwithstanding, inflation rose for the fifth consecutive week to a 28-week high of 5.57 per cent for the week ended December 13.
Amid stock market crash and global financial crisis causing concern among the investors, a fall in inflation rate definitely comes as a relief.
Costlier petrol, diesel and food products pushed up inflation to 4.14 per cent during the week ended June 25 but it was much lower than 6.95 per cent a year ago.
The decline could also be attributed to the high inflation figure of 18.56 per cent for the corresponding year-ago period, a phenomenon dubbed the 'high base effect' in economic parlance.
Food inflation, as measured by the Wholesale Price Index, stood at 9.13 per cent during the previous week.
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 RBI's projection for WPI inflation for this fiscal is 5.5 per cent.
It was almost 23 per cent during the second week of June, 2010.
After falling for ten consecutive weeks, inflation stood unchanged at the previous week's level of 5.01 per cent for the week ended February 12 even though vegetables and fruits became costlier.
Inflation in food articles was at 0.87 per cent in April 2018, as against a deflation of 0.29 per cent in the preceding month.
Inflation fell below the 6 per cent mark, after almost seven months, to 5.78 per cent during the week ended January 1, mainly due to a fall in prices of fuels, vegetables and fruits, edible oils and other food items.
Inflation remained static at 7.1 per cent during the week ended October 16 despite rise in prices of fuel and manufactured products.
Tea prices in the country could go up between Rs 10-20 a kilogram if the high level of value added tax (VAT) proposed to be levied on the commodity is not reversed, the industry has warned.
While existing investments pipelines are on course, newer projects, which are at conceptual stage, may be affected; companies are concerned that high inflation (the wholesale price index is above 12.6 per cent, a 16-year high) and high interest rates would dampen consumer demand growth, Confederation of Indian Industry President K V Kamath said after a meeting of industry leaders with Finance Minister P Chidambaram.
The current fiscal began with inflation rising to 5.26 per cent during the week due to costlier food, fuel and manufactured products.
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