High Inflation India

Nearly two years of elevated food inflation in India is leaving less in the lunch boxes of impoverished children, as the mid-day meal scheme suffer cutbacks because of rising prices of vegetables, fruits and pulses.

The price of gold soared Tuesday to a record peak, propelled by trader expectations of falling US interest rates in September as inflation cools.

Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.

Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI.

The wholesale food inflation, which is at a four-month high, will continue to be a cause for concern in May and June as heatwave is likely to jack up prices of perishable commodities, ICRA Chief Economist Aditi Nayar said on Tuesday.

Fast-moving consumer goods (FMCG) firms are increasing prices by up to 10 per cent to keep revenue high amid a sustained slowdown in demand.

Congress's Shashi Tharoor today criticised the Union budget today, saying it failed to address the current "high debt, low employment, high food inflation" and accused the government of presenting dubious figures to back their claims on poverty.

Retail inflation rose to a three-month high of 5.55 per cent in November, according to data released by the National Statistical Office (NSO).

India is not home-free with regards to the pressures of high prices but the moderation in retail inflation over the last two months is a relief, the Reserve Bank of India (RBI) said in its November bulletin published on Thursday.

Shares in India's Westlife Foodworld fell as much as 7.7% on Friday, a day after the McDonald's operator reported a surprise drop in quarterly profit and indicated high inflation was squeezing consumer spending in the current festive quarter.

India's blue-chips Nifty 50 and Sensex opened higher and hit fresh all-time highs on Thursday, as sentiment improved after U.S. inflation data cemented the likelihood of a pause in the rate hike cycle by the Federal Reserve.

Inflation was likely to have eased in August from a 15-month high in July, led by cooling vegetable prices, but held above the upper end of the Reserve Bank of India's 2 percent to 6 percent target for a second month, a Reuters poll found.

Retail inflation jumped to a 15-month high of 7.44 per cent in July as prices of vegetables and other food items spiked, according to official data released on Monday.

Finance Minister Nirmala Sitharaman today said India is in a unique position of being optimistic and positive about its future growth when the global economy is struggling with the twin challenge of high inflation and slow growth.

Crisil's 'Roti Rice report' said that non-vegetarian thali was relatively less impacted by rising tomato prices and the cost of preparing one went up by only 13%.

Nearly two years of elevated food inflation in India is leaving less in the lunch boxes of impoverished children, as the mid-day meal scheme suffer cutbacks because of rising prices of vegetables, fruits and pulses.

The price of gold soared Tuesday to a record peak, propelled by trader expectations of falling US interest rates in September as inflation cools.

Putting an end to the debate on India's growth based on the government's capex push, global rating agency Fitch Ratings said that consumer spending will increase with elevated consumer confidence, a sign of enhanced income for people.

Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI.

The wholesale food inflation, which is at a four-month high, will continue to be a cause for concern in May and June as heatwave is likely to jack up prices of perishable commodities, ICRA Chief Economist Aditi Nayar said on Tuesday.

Fast-moving consumer goods (FMCG) firms are increasing prices by up to 10 per cent to keep revenue high amid a sustained slowdown in demand.

Congress's Shashi Tharoor today criticised the Union budget today, saying it failed to address the current "high debt, low employment, high food inflation" and accused the government of presenting dubious figures to back their claims on poverty.

Retail inflation rose to a three-month high of 5.55 per cent in November, according to data released by the National Statistical Office (NSO).

India is not home-free with regards to the pressures of high prices but the moderation in retail inflation over the last two months is a relief, the Reserve Bank of India (RBI) said in its November bulletin published on Thursday.

Shares in India's Westlife Foodworld fell as much as 7.7% on Friday, a day after the McDonald's operator reported a surprise drop in quarterly profit and indicated high inflation was squeezing consumer spending in the current festive quarter.

India's blue-chips Nifty 50 and Sensex opened higher and hit fresh all-time highs on Thursday, as sentiment improved after U.S. inflation data cemented the likelihood of a pause in the rate hike cycle by the Federal Reserve.

Inflation was likely to have eased in August from a 15-month high in July, led by cooling vegetable prices, but held above the upper end of the Reserve Bank of India's 2 percent to 6 percent target for a second month, a Reuters poll found.

Retail inflation jumped to a 15-month high of 7.44 per cent in July as prices of vegetables and other food items spiked, according to official data released on Monday.

Finance Minister Nirmala Sitharaman today said India is in a unique position of being optimistic and positive about its future growth when the global economy is struggling with the twin challenge of high inflation and slow growth.

Crisil's 'Roti Rice report' said that non-vegetarian thali was relatively less impacted by rising tomato prices and the cost of preparing one went up by only 13%.