The RBI's projection for WPI inflation for this fiscal is 5.5 per cent.
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.
It was almost 23 per cent during the second week of June, 2010.
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.
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 rose for the fifth consecutive week to 5.89 per cent during the week ended June 12, mainly due to rise in prices of fruits and vegetables, tea, eggs, minerals and manufactured products.
Inflation pierced the 5 per cent mark for the first time this fiscal for the week ended May 22 mainly due to a whopping 9 per cent rise in prices of vegetables and a moderate hike in the prices of other commodities like wheat, eggs and sugar.
This is the second straight month of decline in wholesale price based inflation.
The inflation fell for the second consecutive week, dropping by 0.06 per cent to 4.2 per cent for the week ended May 1 mainly due to cheaper vegetables, fruits, milk, maida and atta.
RBI has cut policy rate thrice during 2015.
In line with government's promise to keep commodity prices under check, inflation fell for the fourth consecutive week to 4.30 per cent for the period ended March 20, well within the 4-4.5 per cent forecast by the finance ministry.
Cheaper fruits, vegetables and edible oils pushed down inflation further to 4.78 per cent for the week ended March 13 despite costlier milk, skimmed milk powder, bread and buns, and baby food.
Benchmark Sensex declined 224 points on Wednesday, snapping its four-session winning streak, mainly due to sell-off in IT and pharma counters amid rising concerns over possible aggressive interest rate hikes to tame high inflation. The 30-share index rebounded more than 1,200 points from the early lows before settling at 60,346.97 points, a total loss of 224.11 points or 0.37 per cent compared to Tuesday's closing level. The broader NSE Nifty closed lower 66.30 points or 0.37 per cent at 18,003.75 points.
There is little to suggest inflation levels will come down since you hardly see the same levels of seasonality in prices that were there earlier.
Inflation fell marginally for the second consecutive week to 6.12 per cent for the week ended January 24 notwithstanding the rising prices of some food and non-food articles and majority of manufactured products.
Inflation rate breached the 5.0 per cent mark during the week ended November 1, after a short span of 14 days, as food articles, fuel, and manufactured products became costly.
If the pattern over the last three months is going to continue, the likelihood is that both indices will register inflation rates close to current levels over the next few months.
To be out by October, it reflects weight of components in GDP.
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.
Inflation stood unchanged for the second consecutive week at 4.4 per cent for the week ended April 17 despite vegetables and tea prices skyrocketing and a marginal hike in some of the manufactured products, including cement.
Inflation rose marginally to 3.75 per cent during week ended September 17 from 3.53 per cent a week ago, mainly due to increase in the prices of minerals, manufactured products and non-food essential items.
Tata Motors was the top Sensex loser, down nearly 5%
Inflation declined for the fourth consecutive week ended May 21 to 5.38 percent mainly due to cheaper primary articles, including food and fuel products, even as fears that it could spurt looms large over an imminent price hike in fuels.
Inflation touched 5.48 per cent for the week ended April 9, mainly due to costlier vegetables, fruits, cooking gas and edible oils.
In line with the Centre's expectation of a benign price level, inflation fell further to 5.11 per cent in the penultimate week of 2004-05 fiscal, but was higher than 4.53 per cent a year-ago.
A sharp fall in iron ore prices could affect only a marginal decline in inflation to 5.23 per cent for the week ended March 12 since essential commodities like vegetables and fruits and several manufactured products became costlier.
While bank credit growth seems to be showing signs of revival, deposits could soon emerge as the new area of concern for bankers.
Inflation dropped by 0.05 per cent to 5.37 per cent, touching a 34-week low, for the week ended January 22, mainly due to cheaper vegetables, fruits, edible oils, minerals, fuel and manufactured products.
According to government estimates, in early December, potato prices had increased 136 per cent, sugar prices doubled and pulses zoomed by over 40 per cent compared to the previous year.
Inflation fell by 0.23 per cent to a 23-week low of 6.5 per cent for the fourth consecutive week ended December 18, mainly due to cheaper food items, edibles oils and manufactured products.
Inflation is far too important a problem to have to rely on an inadequate and, ultimately, unreliable database for solutions.
Inflation rose to 4.62 per cent for the week ended December 17, from 4.5 per cent in the previous week mainly due to costlier fuel and non-food items.
The inflation fell marginally to 4.40 per cent for the week ended April 3 despite a whopping 20 per cent rise in vegetable prices and a substantial hike in the prices of fruits, milk and fuels for industries.
Inflation rose to (-)1.17 per cent for the week ended July 11 compared to (-)1.21 per cent in the previous week as food articles like pulses, cereals, fruits and vegetables turned expensive.
A rise in prices of diesel and petrol pushed up inflation to a 29-week high of 5.63 per cent for the week ended December 20 even as vegetables, edible oils and textiles became cheaper.
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