FOOD INFLATION

India's GDP growth is expected to slow to 6.8% in FY 2024-25 due to high interest rates and low fiscal impulse. The July-September quarter saw a disappointing 5.4% growth, below the RBI's 7% forecast. Despite this, high-frequency indicators and agri...

A revision of India's Consumer Price Index (CPI) is underway, potentially reducing the weightage of food items. This change, based on the latest Household Consumption Expenditure Survey, could lower both headline inflation and its volatility. Expert...

India's economic outlook is cautiously optimistic, with strong rural and urban demand, and robust manufacturing and services activity. However, export recovery faces challenges due to softening global demand. Inflation is expected to moderate due to...

India's economy shows promising signs. Agriculture is expected to perform well. Economic activity is picking up. Jobs are increasing. However, global economic slowdown and geopolitical tensions pose challenges. India's foreign exchange reserves have...

In its monthly economic review, the Finance Ministry highlighted that geopolitical factors will continue to affect domestic inflation and supply chains, despite an expected moderation in the prices of key food items. The economic review said trends ...

S&P affirms India's FY25 GDP growth at 6.8%. Growth forecasts for FY26 and FY27 are lowered to 6.7% and 6.8%, respectively. High interest rates and lower fiscal impulse are cited as factors. RBI believes recent economic weakness is temporary. Privat...

Despite an overall consumption slowdown, sales of essential household items like edible oil, spices, and toothpaste are experiencing double-digit growth. This trend, observed in the July-September quarter, suggests consumers are prioritizing necessi...

Despite an economic slowdown, Indian consumers are prioritizing essential goods. Staples like edible oil and spices saw double-digit growth in the last quarter, indicating a potential demand recovery on the horizon.

The Reserve Bank of India's latest bulletin highlights that India's economic slowdown in Q2 of 2024-25 has eased, with private consumption driving domestic demand, especially boosted by festival spending in Q3. Despite global economic resilience, th...

The Reserve Bank of India is concerned about rising core inflation. Core inflation, excluding volatile items, rose to 3.8 percent in October. The central bank says rising costs are impacting consumers and businesses. The RBI's Monetary Policy Commit...

India's economy is experiencing robust growth, projected to hit 7.2% in 2024, driven by strong consumer spending and investment. Despite recent inflation spikes due to food prices, Moody's predicts moderation and highlights India's strong economic f...

India's wholesale price index rose to 2.36 percent in October. Food prices increased, pushing retail inflation to a 14-month high. The Reserve Bank of India held its benchmark interest rate steady. The central bank maintained its inflation forecast ...

India's retail inflation surged to a 14-month high of 6.21% in October, fueled by soaring food prices, particularly a 42.18% jump in vegetable costs. A Union Bank report attributes the spike to seasonal factors and expects a correction, but highligh...

India's middle class is tightening its belt as high inflation eats into their spending power. This slowdown in urban consumption, evident in declining sales of everything from cookies to restaurant meals, threatens India's economic growth. While off...

The Reserve Bank of India may not reduce interest rates in February. Inflation is a concern. SBI Research predicts inflation will ease slightly from January. However, this easing will be due to base effects and not lower prices. Food inflation, part...

India's retail inflation rose to 6.21 percent in October. This is a significant increase from September's 5.49 percent. Food prices are the main reason for this surge. This is the first time since August that inflation has gone beyond the Reserve Ba...

The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures. According to a report by the Union Bank of India, retail inflation based on the Consumer Price Index is seen jumping to ...

The Unified Payments Interface (UPI) settled 16.58 billion transactions in October 2024, up 45% yearon-year. The demand for work under the government’s flagship rural employment scheme fell for the 12th straight month in October from a year before, ...

The Finance Ministry's Economic Survey indicates softening inflation expectations in India, with underlying demand remaining stable despite food price fluctuations. It emphasizes that core inflation remains within a comfortable range, and projection...