Inflation touched 5.48 per cent for the week ended April 9, mainly due to costlier vegetables, fruits, cooking gas and edible oils.
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 below the five per cent mark to stand at 4.85 per cent for the week ended May 26 from 5.06 per cent in the previous week, as the prices of essential food items like pulses and fruits and vegetables declined.
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.
Inflation dropped by 0.42 per cent to 7.38 per cent, for the second week in succession, in the week ended September 25, mainly due to fall in prices of vegetables and essential commodities.
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 rose for the third consecutive week to 5.03 per cent for the week ended May 29 despite cheaper vegetables and fruits, eggs and several edible oils.
An account on how traders' lif has changed at the New Oberoi Shopping Centre.
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
'We need to encourage the next generation of farmers to continue in farming'
Costlier foods, electricity and manufactured products pushed up inflation to 4.47 per cent for the week ended March 27, but 2003-04 ended on a positive note with the price level being contained at 4-4.5 per cent.
Inflation rose for the seventh consecutive week by 0.12 per cent to reach 31-week high of 5.75 per cent for the week ended December 27, mainly due to an all round hike in the prices of primary articles, fuels and manufactured items.
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.
The inflation which hit a high of 13 per cent in August following spike in prices of petroleum products in the international market, has been on the decline since the outbreak of the global financial crisis in mid-September last year.
Inflation stood unchanged at the previous week's level of 4.4 per cent for the week ended April 10, even as prices fell for wheat, rice, fruits, vegetables and several edible oils.
The inflation rate slipped to 4.96 per cent during the week ended October 25 due to decline in prices of food items like wheat, jowar, bajra, maize, tea, vegetables and fruits.
As India looks to mend its Covid-battered economy, one thing that will grab the attention of all concerned is the path that both wholesale and retail inflation will follow. Even the Reserve Bank of India in its latest policy statement said, "Going forward, the inflation trajectory is likely to be shaped by uncertainties impinging on the upside and the downside.
The double whammy saw the Bombay Stock Exchange's benchmark Sensex fall 3 per cent or 456.39 to close at 13,469.85 even as global rating agency Standard and Poor's suggested it might lower India's sovereign rating of BBB- (investment-grade status) due to the country's deteriorating credit profile over the last 12 months.
Beating the expectations of the Reserve Bank of India and the government, inflation rose by 0.11 per cent to 5.91 per cent for the week ended February 7
In line with the expectations of the Reserve Bank of India and the Union government, inflation dropped to 5.8 per cent after remaining over 6.0 per cent in the recent period
Inflation fell marginally to 6.13% for the week ended January 17, but public continued to pay higher prices for essential commodities with primary articles like fruits and vegetables, milk and many manufactured items becoming costlier.
Prices of food articles contracted by 3.47 per cent in June on a yearly basis. Vegetable inflation stood at (-)21.16 per cent.
Wholesale price-based inflation stood at 7.95 per cent in the corresponding week a year ago. Inflation, still nearly the lowest in three decades during the week, does not take into account policy rate cuts announced by the RBI in its annual credit policy.
The panel has also decided to increase the weight of manufactured items and the fuel group in the new index. Accordingly, the new WPI series, with a revised base year of 2004-05, will see the weight of manufactured items go up to around 65 per cent from 63.75 per cent in the present series.
Inflation is far too important a problem to have to rely on an inadequate and, ultimately, unreliable database for solutions.
Inflation fell marginally to 3.54 per cent for the week ended April 22 as against 3.55 per cent in the previous week, despite higher prices of eggs and wheat.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances