India Is the Canary in the Global Inflation Coal Mine
- On Monday, The Ministry of Statistics and Programme Implementation released data showing India's retail inflation rose to 4.38 per cent in June, up from 3.93 per cent in May.
- Higher prices of petrol, diesel, and CNG, geopolitical tensions in West Asia, and a weak monsoon pushed up retail inflation, with food inflation reaching 5.32 per cent in June.
- Transport inflation rose to 4.31 per cent in June, with services related to transportation of goods hitting 7.70 per cent; rural food inflation was 5.45 per cent, while urban food prices were 5.09 per cent.
- This marks the first time in 17 months that the country's retail inflation rate has exceeded The Reserve Bank's 4 per cent target, though it remains within the acceptable 2 per cent to 6 per cent range.
- The Reserve Bank has been tasked with maintaining retail inflation at 4 per cent through March 31, 2031, even as potato prices fell 20.34 per cent and tomato prices dropped 31.92 per cent in June.
21 Articles
21 Articles
Economists Warn Inflation Spike to Hit Corporate Margins Under Broadening Macro Pressures
Get latest articles and stories on Business at LatestLY. India's macroeconomic landscape is facing severe cost pressures as Consumer Price Index (CPI) retail inflation climbed to an 18-month high of 4.38 per cent alongside a sharp acceleration in the Wholesale Price Index (WPI) to the 9 per cent mark, driven by escalating food costs and structural energy pain. Business News | Economists Warn Inflation Spike to Hit Corporate Margins Under Broaden…
India is the canary in the global inflation coal mine
Global inflation has been climbing back for months. India’s June print — 4.38%, up from 3.93% in May and above every forecast — isn’t a shock out of nowhere. It’s the sharpest data point yet in a trend that started well before this week’s Gulf escalation, and it shows how bad this could get elsewhere […] The post India is the canary in the global inflation coal mine appeared first on Asia Times.
‘When will PM Modi speak about people’s pain’: Congress slams government on inflation rise
Over the last 12 years of the Modi government, inflation has disrupted the budgets of ordinary families. Government data itself now reveals that retail inflation hit a 17-month high of 4.38% in June, said Jairam Ramesh
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