Consumer Price Index – Bhartiyanews24x7

MUMBAI: The central bank's projections indicate that inflation will moderate after remaining high in October, RBI governor Shaktikanta Das has said, while cautioning that geopolitical risks and weather events pose potential threats."Sept inflation crossed 5%, and we expect October inflation to be high as well. However, our projections indicate that inflation will begin to moderate after October," said Das during an interaction in Washington on the sidelines of the IMF-World Bank meeting. "Our efforts are not merely to stay within the 2% plus-or-minus band but to align inflation as closely as possible with the 4% target," he said, and added that the headline inflation trajectory is projected to moderate sequentially from the last quarter of this financial year.Das was speaking at 'Macro Wee...

The latest retail inflation data from the National Statistical Office yet again highlights the challenge in achieving durable price stability. Provisional estimates for year-on-year price gains in August show the headline rate based on the Consumer Price Index (CPI) quickened marginally to 3.65%, from July’s 3.60%, as a sharp rebound in vegetable inflation led to a wider acceleration in overall food price gains. Price gains in vegetables — the third-largest constituent of the Consumer Food Price Index — surged by more than 380 basis points last month to 10.7%, spurring food price inflation to 5.66%. Among vegetables, year-on-year inflation in the most widely consumed potato and onion still remained in the high double digits for a sixth and 13th month at 64% and 54%, respectively, a moderat...

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