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India Inflation Rate Highest in Near 6 Years
Consumer price inflation in India increased to 7.59% in January of 2020 from 7.35% in December, above expectations of 7.4%. The inflation accelerated for the 6th straight month to the highest since May of 2014. Prices rose faster for fuel and light (3.7% vs 0.7% in December), miscellaneous (4.8% vs 4.1%), clothing and footwear (1.9% vs 1.5%) and pan, tobacco and intoxicants (3.6% vs 3.4%) but eased for housing (4.2% vs 4.3%). Cost of food and beverages increased at a slightly slower rate (11.8% vs 12.2%), namely vegetables (50.2% vs 60.5%) while faster increases were seen for cereals (5.3% vs 4.4%), milk (5.6% vs 4.2%), fruits (5.8% vs 4.6%) and pulses (16.7% vs 15.4%). The food alone rate slowed to 13.6% from 14.1%, which was the highest since November of 2013. On a monthly basis, consumer prices fell 0.1% after surging 1.2% in December, the most since July of 2017.
Published on 2020-02-12

India Inflation Rate Jumps to 7.3% in December
Consumer price inflation in India jumped to 7.35% in December of 2019 from 5.54% in November and well above market expectations of 6.2%. The inflation accelerated for the fifth straight month, remaining the highest rate since July of 2016. Main upward pressure came from cost of food and beverages (12.16%), namely cereals (4.36%), milk (4.22%), vegetables (60.5%), fruits (4.55%) and pulses (15.44%). The food alone rate jumped to 14.12%, the highest since November of 2013. Other increases were also seen for miscellaneous (4.09%), fuel and light (0.7%), clothing and footwear (1.5%), housing (4.3%) and pan, tobacco and intoxicants (3.4%). On a monthly basis, consumer prices went up 1.2%, the highest rate since July of 2017. The Reserve Bank of India's targets inflation at 4%. The recent spike in inflation lowered chances of another rate cut in February.
Published on 2020-01-13

India November Inflation Rate Rises to Over 3-Year High
India's retail price inflation rate increased to 5.54 percent year-on-year in November 2019 from 4.62 in the previous month and compared with market expectations of 5.26 percent. It was the highest inflation rate since July 2016, above the Reserve Bank of India's medium-term target of 4 percent, boosted by food prices.
Published on 2019-12-12

India Inflation Rate Jumps to 1-1/2-Year High
India's retail price inflation rate climbed to 4.62 percent year-on-year in October 2019, the highest in over a year, from the previous month's 3.99 percent and above market expectations of 4.25 percent. Inflation rose above the Reserve Bank of India's medium-term target of 4 percent for the first time since July 2018, following recent cuts in interest rates.
Published on 2019-11-13

India September Inflation Rate Rises to 14-Month High
India's retail price inflation rate rose to 3.99 percent year-on-year in September 2019 from an upwardly revised 3.28 percent in the previous month and above market expectations of 3.7 percent. It was the highest inflation rate since July last year, almost touching the central bank’s medium-term target of 4 percent, as food prices rose to an over 3-year high. On a monthly basis, consumer prices went up 0.55 percent.
Published on 2019-10-14

India Inflation Rate Below Forecasts
India's annual retail price inflation rate edged up to a 10 month high of 3.21 percent in August 2019 from the previous month's 3.15 percent and missing market expectations of 3.30 percent. Inflation remained below the Reserve Bank of India's medium-term target of 4 percent for the 13th consecutive month, despite recent cuts in interest rates.
Published on 2019-09-12

India Inflation Rate Remains Stable
India's retail price inflation rate stood at 3.15 percent year-on-year in July 2019, little-changed from the previous month's 3.18 percent and slightly below market expectations of 3.20 percent. Inflation remained below the Reserve Bank of India's medium-term target of 4 percent for the twelfth consecutive month, despite recent interest rate cuts.
Published on 2019-08-13

India Inflation Rate Rises to 8-Month High
India's retail price inflation rate rose to 3.18 percent year-on-year in June 2019, the highest since last October, from 3.05 percent in the previous month and slightly below market expectations of 3.20 percent. Food prices were the biggest contributor to the price increase. Still, inflation remained below the Reserve Bank of India's medium-term target of 4 percent for the eleventh consecutive month.
Published on 2019-07-12

India Inflation Rate Climbs to 7-Month High
India's retail price inflation rate rose to 3.05 percent year-on-year in May 2019 from an upwardly revised 2.99 percent in the previous month and slightly above market expectations of 3.01 percent. That was the highest rate since October last year, mainly supported by higher food prices. Still, inflation came in below the Reserve Bank of India's medium-term target of 4 percent for ten consecutive months.
Published on 2019-06-12

India Inflation Rate at 6-Month High of 2.92%
India's retail price inflation rate increased to 2.92 percent year-on-year in April 2019 from 2.86 percent in March and below market expectations of 2.97 percent. It was the highest inflation rate in six months, as food prices rose the most since July last year.
Published on 2019-05-13

India Inflation Rate Hits 5-Month High
India's retail price inflation rate rose to a five-month high of 2.86 percent year-on-year in March 2019 from 2.57 percent in the previous month, slightly above market expectations of 2.8 percent. Food prices rose for the first time in six months.
Published on 2019-04-12

India Inflation Rate at 4-Month High of 2.57%
Consumer prices in India rose 2.57 percent year-on-year in February of 2019, following a downwardly revised 1.97 percent rise in January and above market expectations of 2.43 percent. It is the highest inflation rate in four months as food prices fell less. In its February meeting, the Reserve Bank of India lowered its inflation forecasts to 2.8 percent for January-March 2019, mentioning a deflation in food items and a sharp fall in fuel inflation.
Published on 2019-03-12

India Inflation Rate Lower than Expected
Annual consumer inflation in India declined to 2.05 percent in January of 2019 from a downwardly revised 2.11 percent in December, below market expectations of 2.48 percent. It is the lowest inflation rate since June of 2017 as food prices continued to decline. The Reserve Bank of India recently lowered its inflation forecasts to 2.8 percent for January-March 2019, mentioning a deflation in food items and a sharp fall in fuel inflation.
Published on 2019-02-12

India Inflation Rate Slows Further in December
Annual consumer inflation in India declined to 2.19 percent in December of 2018 from 2.33 percent in November, matching market expectations of 2.2 percent. It is the lowest inflation rate since June of 2017 as food prices continued to decline and inflation eased for clothing, housing and fuel.
Published on 2019-01-14

India Inflation Rate Lowest in Near 1-1/2 Years
Annual consumer inflation in India declined to 2.33 percent in November of 2018 from an upwardly revised 3.38 percent in October and below market expectations of 2.8 percent. It is the lowest inflation rate since June of 2017 as food prices fell the most since the series began in 2012. The Reserve Bank of India revised down its inflation forecasts to 2.7 percent-3.2 percent for the period Oct 2018-March 2019, amid lower food and fuel prices.
Published on 2018-12-12

India Inflation Rate Lowest in Near 1 Year
Annual consumer inflation in India fell to 3.31 percent in October of 2018 from a downwardly revised 3.7 percent in September and below market expectations of 3.67 percent. It is the lowest inflation rate since September of 2017, mainly due to a drop in cost of food.
Published on 2018-11-12

India Inflation Rate Rises Less than Forecasts
Annual consumer inflation in India edged up to 3.77 percent in September of 2018 from 3.69 percent in August, but below market expectations of 4 percent. Food inflation increased only slightly, in line with central bank expectations. Earlier in the week, the Reserve Bank of India cut its inflation forecasts to 4 percent from 4.6 percent in Q2:2018-19 (July-September 2018), mentioning low food inflation.
Published on 2018-10-12

India Inflation Rate Down to 10-Month Low of 3.69%
Annual consumer inflation in India declined to 3.69 percent in August of 2018 from 4.17 percent in July and below market expectations of 3.86 percent. It is the lowest inflation rate since October of 2017, mainly due to a sharp slowdown in food cost.
Published on 2018-09-12

India July Inflation Rate Weaker than Expected
India' annual inflation rate eased to 4.17 percent in July 2018 from a downwardly revised 4.92 percent in the previous month, and below market expectations of 4.51 percent. Still, inflation remained above the central bank's medium-term target of 4 percent for nine consecutive months.
Published on 2018-08-13

India Consumer Inflation Below Forecasts
The inflation rate in India edged up to 5 percent in June of 2018 from 4.87 percent in May, below market expectations of 5.3 percent. Still, it is the highest rate since January and marks the eighth straight month in which inflation is above the central bank medium-term target of 4 percent.
Published on 2018-07-12