Inflation moderates, but government can and must do more.
Use a mix of instruments that will beat both the wholesale and consumer price indices
There was acceleration in prices of fuel and power (11.69 per cent) and manufactured products (2.55 per cent).
The government's efforts to bring down inflation to tolerable limits and curb runaway prices might have begun to bear some fruit, albeit at a snail's pace.
Ahead of the monetary policy review on May 3, Reserve Bank of India (RBI) Deputy Governor Shyamala Gopinath said inflation was a concern, mainly on account of the high prices of non-food manufacturing goods.
The present monthly inflation measurement system, based on the wholesale price index, reflects the price variations of 435 items.
Food inflation, as measured by Wholesale Price Index, stood at 10.60 per cent in the previous week.
For the consumer, there would be practically no impact on prices of essential medicines this year.
Inflation, as measured on the Wholesale Price Index (WPI), has been in the negative zone since November 2014.
Food inflation, as measured by the Wholesale Price Index, stood at 11.81 per cent in the previous week ended October 29.
'He will be remembered more for what he did as finance minister -- as someone who functioned well when the political fallout was taken care of.'
However, prices of most agricultural items, barring potatoes, onions and wheat, continued to rise.
Inflation rose to 7.81 per cent in September, from 7.55 per cent in August.
Despite the government's efforts to control prices, inflation continues to rise, as prices of pulses, spices, eggs, fish and meat among other things continued to rise.
The annual rate of inflation based on monthly wholesale price index (WPI) was 1.22 per cent in December as compared to 1.55 per cent in the previous month. It was 2.76 per cent in December 2019. The decline last month was mainly due to lower increase in food prices, data released by the Ministry of Commerce and Industry showed on Thursday. The food inflation for December dropped to 0.92 per cent as compared to 4.27 per cent in the previous month.
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 analysis by Business Standard suggests that for the week ended May 10, for which data will be released next Friday, the inflation rate will range between 7.67 per cent and 8.05 per cent, depending on how the index moves.
Inflation falls to 8.84 per cent for the week ended November 15 from 8.90 per cent in the previous week.
With pricing power of producers unlikely to strengthen and commodities ex-crude oil likely to remain sluggish in the immediate term, the core-WPI inflation may remain sub-zero in the rest of this calendar year.
India's wholesale prices fell to 5.90 per cent in the year to May 10 from 6.03 per cent in the year to May 3, due to lower prices of several manufactured items, the government said on Sunday.\n\n\n\n
Food inflation, as measured by the Wholesale Price Index, was on a declining trajectory for the previous three weeks.
Inflation rose to 5.3% for the week ended November 4 from 5.09% in the previous week mainly due to increase in the prices of food and manufactured items.
Inflation declined to around 14-month low of 4.03 per cent for the week ended June 16, as essential food items and some manufactured products turned cheaper, easing pressure on RBI to further increase interest rates.
While headline and core WPI are stuck in a disinflationary phase, the retail measure is inching north.
Inflation fell to a 31-week low of 5.6 per cent for the week ended January 8 despite a hike in prices of fuel, vegetables, non-food and manufactured products.
Former finance minister P Chidambaram on Friday rejected Finance Minister Arun Jaitley's contention in Lok Sabha that UPA government left behind double digit inflation.
After remaining unchanged in the previous week, inflation fell to a 40-month low of 4.83 per cent during the week ended February 19 due to cheaper edible oils, vegetables and some of the manufactured products despite higher global oil prices.
The rate of price rise in food items stood at 17.14 per cent in the corresponding week of 2010.
Inflation shot up to 5.24 per cent for the week ended June 10 from previous week's 4.72 per cent mainly due to spurt in the prices of fuel, food and manufactured items.
Higher prices of pulses, fruits vegetables and some manufactured products pushed the wholesale price-based inflation up by 0.36 per cent to 4.32 per cent for the week ended May 13, against 3.96 per cent in the previous week.
The wholesale price-based inflation fell after rising for four consecutive weeks. Inflation was at 17.97 per cent in the previous week.
The wholesale prices-based inflation stood at 0.48 per cent in the previous week. However, in the corresponding week a year-ago the rate of price rise was 8.57 per cent. Among manufactured category sugar, imported edible oil and oil cakes became expensive.
Inflation fell for the second consecutive week to 7.02 per cent for the week ended December 4, mainly due to cheaper primary and fuel products.
The rate of price rise of food items stood at 12.68 per cent in the corresponding week of the previous year.
Inflation has dropped to 0.48 per cent for the week ended May 2 from 0.70 per cent in the previous week.
The inflation numbers are still within the five per cent annual target of the Reserve Bank, which is due to review the monetary policy on July 31.
Inflation declined to 3.03 per cent for the week ended February 21 mainly on account of lower prices of food items such as fruits and vegetables and tea, and some manufactured items.
The Wholesale Price Index-based inflation was (-)4.54% in Sep.
In the current fiscal so far, retail inflation stabilised around 5 per cent, while wholesale price-based inflation averaged around 2.9 per cent during April-December.
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