The RBI has projected CPI inflation to average 5.7% in Q3FY24. In the first two months of Q3, retail inflation has averaged 5.8%. Therefore, in December inflation will have to moderate further to 5.5% to match the RBI's estimate for the quarter, which is likely, according to many economists.
"Inflation inched down in November as a moderation in vegetable prices started to set in with the onset of the winter season," said Sakshi Gupta, principal economist, HDFC Bank. "However, within the food basket cereal and edible oil prices showed a sequential increase. We expect inflation to gradually inch lower towards 4.5% by the January-March quarter," she added.
Core inflation, meanwhile, stayed flat at 3.7% in November. This indicates that broader economic conditions are not inflationary as such, say economists. To be sure, core inflation, which excludes volatile components of food and fuel, has stayed below 4% for 12 consecutive months.
Esta historia es de la edición December 13, 2024 de Financial Express Pune.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 13, 2024 de Financial Express Pune.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
'Had fun but it's time': Ashwin bows out of internationals with shock retirement call
RASHWIN STOOD in the corridor outside the press conference room after the third Test ended in a draw. Captain Rohit Sharma, walking just ahead of him, gestured to the waiting journalists. \"Sab pata chalega abhi (everything will be known now),\" he said with a laugh, perhaps in reference to the buzz in the press box and on social media about the possible retirement of a \"big player\".
US announces H-1B visa overhaul, Indian techies to benefit
TO TAKE EFFECT IN MID-JANUARY
Free healthcare for senior citizens: Kejriwal
AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power.
Navy boat hits ferry off Mumbai coast, 13 dead
A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday.
Sebi tightens SME IPO rules
SEBI cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE), increasing the HVDLE identification threshold from ₹500 cr to ₹1,000 cr (aligning with large corporates), and introduced a sunset clause governing debt-listed securities corporate governance. Ease of doing business norms for asset management companies, SM REITs, and AI use by market infrastructure institutions (MIIs) were also ratified. The application size (₹1 lakh) and minimum investor number remained unchanged.
Trump threatens to impose reciprocal tariffs on India
HE MADE THE remarks while responding to a question on a potential trade agreement with China.
Opposition seeks Shah's resignation
● PM defends HM; slams Cong & its 'rotten ecosystem'
2W sales skid sharp 19% in Dec
Two-wheeler sales in India plummeted 19% in December, a sharp decline following strong October and November sales driven by the festival and wedding seasons.
Enhancing customer journey in the cloud
ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools.
Moving beyond conventional tech
AI offers a wide range of benefits for SMEs
