Consumer Price Index

October 14, 2024 8:22 PM

Retail inflation rises to 5.49% in September, driven by food prices

India’s Consumer Price Index (CPI)-based inflation rose to 5.49% in September, up from 3.65% in August, reflecting a sharp increase driven primarily by rising food prices. Rural inflation stood at 5.87%, while urban inflation was recorded at 5.05%, highlighting continued price pressures across regions. The Consumer Food Price Index (CFPI) surged to 9.24% in September, with urban food inflation at 9.56% and rural food inflation at 9.08%. The rise was attributed to elevated prices across severa...

October 9, 2024 2:36 PM

RBI projects 7.2% GDP growth for FY25, CPI inflation expected to moderate to 4.5%

The Reserve Bank of India (RBI) has projected a real GDP growth of 7.2% for the fiscal year 2024-25, along with an expected moderation in Consumer Price Index (CPI) inflation to 4.5%, following the Monetary Policy Committee (MPC) meeting held on Wednesday. RBI Governor Shaktikanta Das said that GDP growth is projected at 7% for Q2, increasing to 7.4% in both Q3 and Q4. For the first quarter of the next financial year (2025-26), growth is anticipated to be 7.3%, with risks evenly balanced across...

September 26, 2024 8:31 PM

Centre increases minimum wage rates for workers

The central government has announced a revision in minimum wage rates by adjusting the Variable Dearness Allowance (VDA). This increase is aimed at helping workers, particularly in the unorganised sector, manage the rising cost of living, according to a release from the Ministry of Labour and Employment on Thursday. The new rates will benefit workers in several sectors, including building construction, loading and unloading, watch and ward, sweeping, cleaning, housekeeping, mining, and agricult...