Tag: inflation

February wholesale price inflation at 2.48%, eased for 3rd straight month

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Wholesale price index (WPI) inflation, this month has come down to  2.48 percent  as compared to 2.8% in the last month. It would imply that WPI inflation has eased for the third straight months. In November the WPI was 4% which went down to 3.5% in December.

Manufactured products inflation of February stood at 3.04% which was 2.78% last month. Whereas, food inflation is at 0.07% as compared to 1.65% of January. Vegetable inflation came down drastically to 15.26% from 40.77%. Fuel and power inflation saw a fall by 1%.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Inflation to remain around 4.5% for the next 12 months, says Nomura

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

Retail Inflation or Consumer Price Index (CPI) on Monday softened to 4.4 percent, while Industrial Output (IIP) rose to 7.5 percent.

Sonal Varma, Chief India Economist, Nomura Financial Advisory & Securities Private Limited, said that there were some signs of moderation in core inflation.

She went ahead to say that fall in food prices across the board was a surprise.

According to Varma, February CPI is likely to be lower than RBI Q4 forecast, by 40-50 basis points, inflation trend was likely to remain around 4.5 percent for the next 12 months.

She also predicted that RBI was likely to keep interest rates unchanged in its next monetary policy.

“We are expecting 7.5 percent GDP growth in CY18”, she said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow