Free Press Journal
  • WPI inflation up 0.7 pct in November 2017

    New Delhi: The official Wholesale Price Index (WPI) for the month of November, 2017 rose by 0.7 percent to 116.3 (provisional) in comparison to 115.5 (provisional) for the previous month.

  • Shiv Sena slams Centre over rising inflation

    Mumbai: The Shiv Sena on Thursday slammed the Centre on rising inflation rates and said that in the past two months the hike in price rose by almost 4.8 percent. Taking potshots at the Centre, the party in its mouthpiece ‘Saamna’ said, “Earlier, the Centre boasted about the pros of demonetisation and the GST but now when the inflation rates are rising sky high, they have no answers.”

  • Inflation hits a high as egg prices match chicken

    In more bad news for the consumers, who consume eggs on a daily basis, egg prices have gone through the roof, so much so that at current retail rates of around Rs 7 per piece, it may be more worthwhile for people to eat chicken instead.

  • Inflation may ease by December: Rangarajan

    Hyderabad: Former RBI Governor C Rangarajan today said the inflation, which rose to 3.58 per cent in October, may ease by December and end up below 4 per cent by the end of the current fiscal.

  • WPI inflation at 6-month high of 3.59%; onion, veggies costlier

    New Delhi: Inflation at the wholesale level rose to a 6-month high of 3.59 percent in October as the prices of food articles, led by onions and vegetables, rose sharply. Inflation, based on the Wholesale Price Index (WPI), was2.60 percent in September. In October last year, it was 1.27 percent. Last month’s inflation was the highest since April when it was 3.85 percent.

  • Wholesale inflation eases in Sept as food items soften

    New Delhi : Wholesale inflation fell to 2.60 per cent in September as prices of food articles, led by vegetables, softened. Inflation, based on the wholesale price index (WPI), had soared to a four-month high of 3.24 per cent in August 2017. It was 1.36 per cent in September 2016. The government data released Monday showed that inflation in food articles tapered to 2.04 per cent in September, as against 5.75 per

  • Thane: Shiv Sena continues attack on ally BJP over inflation and fuel price rise

    Thane: Shiv Sena leaders and workers took to the streets in Thane shouting slogans against rising inflation and rising prices of essential goods and fuel on Monday. The protest against the inflation started from the central office of Shivsena at Thane’s Talaopali and reached the Collector’s office and a letter of demands was given to Deputy Collector Vandana Suryvanshi.

  • Rise in food prices pushes WPI inflation higher

    New Delhi: An exponential rise in food prices pushed India’s annual rate of inflation based on wholesale prices to 1.88 per cent in July, official data showed here on Monday.

  • GST will reduce inflation by one to two percent by year end: Revenue Secretary

    New Delhi: The Goods and Services Tax (GST) will help bring down the inflation by one to two per cent by the end of this year, Revenue Secretary Hasmukh Adhia has been quoted, as saying. Adhia told All India Radio (AIR) in an interview that the government’s objective is to ensure that inflation does not increase, and added that the government has tried to keep items frequently used by the consumers under

  • RBI: Note ban didn’t impact growth; need clarity on inflation

    Mumbai: Demonetisation has not led to lower economic growth, RBI said today while citing “surprises” like dip in inflation as well as GDP growth for maintaining status quo on policy rates. “Data shows that the slowdown in economic activity set in during Q1, FY17, well ahead of demonetisation,” Governor Urjit Patel told reporters, reacting to the dip in growth in the revised growth figures released by CSO.

  • Retail inflation hits 5-month high of 3.81% in March

    New Delhi: Retail inflation jumped to a five-month high of 3.81 per cent in March on costlier protein items, edible oils and non-food products like fuel and light. Inflation based on Consumer Price Index (CPI) was at 3.65 per cent in February.
    Protein rich items such as milk & products and eggs were costlier during the month with inflation prints of 4.69 per cent and 3.21 per cent, respectively. Prepared meals, snacks and sweets prices were

  • There is more room for lending rate cuts: HDFC Bank CEO

    Mumbai : Even though the RBI left the policy rates unchanged at the last policy meet citing upside risks to inflation, borrowers can expect lower rates going forward with second largest private lender HDFC Bank today saying there is more room for banks to lower lending rates.

  • Rising petrol, diesel prices push WPI inflation to 3.39%

    New Delhi: Rising prices of petrol and diesel fuelled WPI inflation to 3.39 per cent in December 2016, reversing the declining trend and neutralising the impact of softening prices of vegetables.

  • Inflation will ease to 4.5-4.75% by March next: Report

    New Delhi : Inflation is expected to moderate to 4.5 per cent to 4.75 per cent by March 2017 and the Reserve Bank is likely to go for a 0.50 percentage point cut in this fiscal, says a Morgan Stanley report, reports PTI.

  • The “beast of inflation” is not beaten yet

    The remarks of the MPC members and their decision also raises the question that if the trend in inflation outlook is so close to targeted inflation, then why did Dr. Raghuram Rajan not offer a repo rate cut? The same information was available to him. So was he being cautious? Was he expecting that the inflation rate would be volatile and go up in the future? And the big question: Is it

  • India’s wholesale inflation eases

    New Delhi: India’s annual rate of inflation based on wholesale prices eased on a month-on-month basis to 3.57 per cent in September from 3.74 per cent in August, official data showed on Friday.

  • RBI unlikely to cut rates in policy review on Tuesday

    Mumbai : Ahead of RBI’s monetary policy review on Tuesday, that will be the first by the newly-set up Monetary Policy Committee as well as by new Governor Urjit Patel, experts said it is unlikely to lower rates at its maiden review as it awaits more data on inflation.