CPI

The Consumer Price Index (CPI) inflation data for May will be released at 5:30 pm on Monday. A CNBC-TV18 poll estimates India's May CPI to ease from an ...

The range for core CPI is expected to be between 5.8 percent and 6.7 percent. Also, the April IIP was high due to the low base in April 2021, which saw a deadly COVID-19 wave driven by the Delta variant. However, the range for both CPI and Core CPI is wide. The range for CPIis expected to be between 6.86 percent and 7.27 percent. The core CPI is estimated at 6.2 percent versus 7 percent month-on-month. The very high 0.63 percent month-on-month (MoM) increase in core inflation was another surprise.

Skyrocketing food prices in the U.S. are changing the way Americans eat and grocery shop — they're buying more store brands, and less costly meat and ...

- Food is a big expense, especially for those on the lower end of the income spectrum. - Boxes of Post Honey Bunches of Oats now contain 17% less cereal, accordingConsumer World, a website run by a former Massachusetts assistant attorney general who tracks shrinkflation. The most inflationary categories, as highlighted in a note from JPMorgan on Friday: Go deeper: About half of shoppers who've noticed the rising prices are looking for more deals, according to a May survey from FMI, the food industry trade group; 35% are switching to store brands and 21% are buying less fresh meat and seafood. Some are now just making do with less. Skyrocketing food prices in the U.S. are changing the way Americans eat and grocery shop — they're buying more store brands, and less costly meat and produce.

India's retail inflation fell to 7.04% in May from an eight-year high of 7.8% in April, helped by a supportive base effect. Sequentially, price increases ...

Timely monsoon should help in cooling down food inflation further though some volatility is always inherent given the seasonality factor," said Suman Chowdhury, chief analytical officer at Acuité Ratings & Research. Oil and fats saw a further 1.45% increase in prices. Among non-food categories, clothing and footwear prices continued to rise, up 1% month-on-month. India's retail inflation fell to 7.04%in May from an eight-year high of 7.8% in April, helped by a supportive base effect. Inflation in meat and fish was at 8.23% compared with 6.97% in April. India's retail inflation fell to 7.04% in May from an eight-year high of 7.8% in April, helped by a supportive base effect. Inflation in oils and fats was at 13.26% compared with 17.28% in April. Housing inflation stood at 3.71% compared with 3.47% in April. Pulses inflation was at -0.42% compared with 1.86% in May. Fuel and light inflation stood at 9.54% in May against 10.8% in April. Inflation in food and beverages was at 7.97% in May compared with 8.31% in April. Rural inflation eased to 7.01% from 8.38% the previous month, while urban inflation was stable at 7.08%. Sequentially, the pace of price increases remained elevated with the consumer price inflation index rising 0.94% over a month ago, even though it eased compared to the 1.43% increase seen in April.A Bloomberg poll pegged May CPI inflation at 7.1%.Inflation in food and beverages was at 7.97% in May compared with ...

The central bank on June 8 hiked the inflation estimate by 100 basis points to 6.7 per cent in 2022-23 from 5.7 per cent in April with Q1 at 7.5 per cent; ...

The May 2022 CPI inflation printed mildly higher than our forecast (6.9 per cent) led by food and beverages, fuel and light, and clothing and footwear, while that for miscellaneous items trailed our expectation, offering some relief in light of the relatively stronger demand momentum seen for the services segment." Overall we expect CPI inflation to average 6.5 per cent, although risks remain on the upside depending on the evolving geopolitical and global tightening process. Further passthrough of input prices by producers, oil price trajectory, momentum in services prices, the evolution of supply chain issues and private consumption demand will continue to define the inflation trajectory." We expect the 1QFY23 average at 7.3 per cent— lower than RBIs recently upward aggressive revised reading of 7.5 per cent. The war in Ukraine is lingering and India is facing new challenges every day, accentuating supply chain problems." The consumer price index (CPI) inflation has now been above the RBI's medium-term target of 4 per cent for 32 consecutive months.

India's retail inflation slipped marginally to 7.04 per cent in the month of May, but stayed well above the upper limit of the Reserve Bank of India's ...

We thus, do not see India’s inflation cooling down in the near term and in such a scenario maintaining the strength of domestic demand will be crucial from policy perspective," added Vivek Rathi, Director-Research Knight Frank India. This along with the some cuts in import duties on a few imported food products, moderation in vegetable oil prices globally should help ease domestic edible oil prices months ahead. "The narrowing gap between WPI and CPI further highlights the pass through of input costs rise from producers to consumers; as evident in elevated core inflation of 6.2%; which is still high; albeit with slight moderation. On Monday, the Indian rupee slumped below 78 against the US dollar dragged by foreign fund outflows amid selloffs in the stock markets. “The high frequency mandi prices so far depict some respite in sequential gains. The CPI-based inflation stood at 7.79 per cent in April, 6.95 per cent in March, 6.07 per cent in February and 6.01 per cent in January. The inflation rate stood at 6.30 per cent in May 2021.