BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Monday, November 13, 2017

Retail inflation rises to seven-month high of 3.58% in October



Consumer Price Index-based inflation was 4.2% in October 2016. The previous high was 3.89% in March this year.

Costlier food items, particularly vegetables, pushed up retail inflation in October to seven-month high of 3.58%.
The Consumer Price Index-based inflation was 3.28% in September.
It was 4.2% in October last year. The previous high was 3.89% in March this year.
As per the data released by Central Statistics Office (CSO), the October inflation for the food basket increased to 1.9%. It was 1.25% in September.
The rate of price rise in the vegetable segment almost doubled to 7.47% as against 3.92% in September.
Higher inflation was also noted in protein rich items like eggs and milk (and its products). However, fruits were comparably cheaper in October on sequential basis.
Inflation in pulses continued to decline and settled at (-)23.13%. It was (-)22.51% in September.
Fuel and light were costlier on sequential basis. Higher inflation was also noted in housing segment.
All eyes will be on the current fiscal’s sixth bi-monthly meeting of the Monetary Policy Committee, headed by RBI Governor Urjit Patel, on December 5-6.
Retail inflation, a key input for the Reserve Bank of India in setting the key interest rate, has been rising consistently since June amid a slowdown in factory output measured on Index of Industrial Production (IIP

No comments:

Bank Unions Oppose PLI Scheme for Senior Bank Executives

AIBOC and AIBEA have written a letter to the DFS Secretary requesting him to review the recently introduced PLI Scheme for Senior Bank Execu...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">