Food inflation stood at 5.36 per cent against 4.64 per cent of the previous month and 6.67 per cent during the corresponding month a year ago, according to the statement.
Reserve Bank on Wednesday projected that retail inflation will be well within control at 4.4-5.2 per cent in the current fiscal and that bumper food grains production will soften cereal prices even...
The steep rise in fuel prices has led to a significant increase in the price of essential commodities and other consumable products too as transporters have announced 25 per cent increase in freight...
Retail inflation eased to 4.06 per cent in January, mainly on account of a decline in vegetable prices, as per government data released on Friday.
The Reserve Bank on Friday projected retail inflation to be in 5-5.2 per cent range during the first half of the next fiscal year, expecting further softening of vegetables prices in near term.
India’s industrial production contracted by 1.9 per cent in November, official data showed on Tuesday.
Retail inflation declined to 6.93 per cent in November on softer food prices, though it remained above the comfort level of the Reserve Bank.