Entries Tagged 'Inflation India' ↓

Inflation for the week ended October 6th touched a five-year low of 3.07 per cent , mainly due to decline in prices of essential items like fruits and vegetables, eggs, cereals and some manufactured goods.

RBI’s measures to keep inflation this fiscal below the 5 per cent mark are working very well and the expectationa are raising for a possible rate cut in the coming half-yearly review of RBI Credit Policy on October 30 3007.

Fruits and vegetable prices dropped by 4 per cent, Eggs and fish prices fell marginally by 1 per cent, while bajra and maize declined by 2 per cent each.

Inflation seems to be in control with the measures take by the RBI and the Goverment. Inflation for the week ended Sep 15 is down again and stand 3.23% when compared to the previous week figures of 3.32%.

Market Analysts estimates stood at 3.47% but the Inflation figures were even down than the estimates at 3.23%.

RBI measures to keep the inflation in control which was as at high of 6.69% in Jaunary are working quite well, the Inflation rate based on the wholesale-price-index dropped to 3.32 per cent for the week ended September 8 as against 3.52 per cent in the week before.

RBI held its short-term lending rate steady after raising it five times since mid-2006. Analysts are in a veiw that RBI may also follow US Federal Reserve Rate cut decision and would announce some rate cut.
 

Inflation rate based on the wholesale-price-index dropped to 3.5 % for the week ended September 1 2007, as against 3.79 per cent the week before.

India’s  inflation rate dipped to 3.79% for the week ended August 25, compared to 3.94%, in the previous week. The inflation rate was at 5.27% in the corresponding week previous year.

Reserve Bank of India in its annual report released on August 30, stated that a series of timely measures undertaken by the central bank and other responses to prices made by the Government helped to contain inflation levels.

Inflation is at its lowest level since it hit 3.7% in the week ended Apr. 15, 2006.