Twenty22 India On The Move June Inflation Jumps Core inflation, which excludes volatile food and energy, rose marginally to 7.3% from 7.2% in may after rising steeply in the last few months. bonds fell with the 10 year benchmark bond yield rising soon after the release of data on inflation to 8.28% from 8.26%. bond prices and yield move in opposite directions. Last month, the rbi kept policy rates unchanged at 6.5 per cent and projected retail inflation for the current fiscal to average at 5.1 per cent. it pegged inflation in the june quarter at 4.6 per cent. india’s industrial production rose 5.2 per cent in may against 19.7 per cent a year ago, the government data showed.
Twenty22 India On The Move Inflation Trajectory The reserve bank of india's monetary policy committee's (mpc) concern over the trajectory of food inflation played out in the june data. inflation rose 5.1% year on year, close to our forecast of. The retail inflation surge is mainly triggered by higher food inflation, even as the non food segment has recorded a moderation. the consumer food price index based inflation rose to 9.36 per cent in june from 8.69 per cent in may and 4.55 per cent in the year ago period, with urban areas showing a higher increase in food inflation than rural areas. June retail inflation , opens new tab rose to 4.81%, higher than both the revised 4.31% for the previous month and the 4.58% expected in a reuters poll of 55 economists. India’s inflation accelerated to a four month high in june, justifying the central bank’s decision to keep interest rates higher for longer. the consumer price index rose 5.08% from a year.
Twenty22 India On The Move Inflation Increases June retail inflation , opens new tab rose to 4.81%, higher than both the revised 4.31% for the previous month and the 4.58% expected in a reuters poll of 55 economists. India’s inflation accelerated to a four month high in june, justifying the central bank’s decision to keep interest rates higher for longer. the consumer price index rose 5.08% from a year. The 5.08% retail inflation in june is the highest in four months. meanwhile, india’s iip growth rose to 5.9 per cent in may 2024 as against 5 per cent in the previous month of april. in the previous month of may 2024, india’s retail inflation had stood at 4.75%. the last high in inflation was recorded in february at 5.09 per cent. India's retail inflation is expected to be close to 5% in june, in line with the reserve bank of india's expectations but still too far from its 4% target to start talking about lowering interest.
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