WPI Inflation Soars to 4-Month High of 2.36% in October Amid Surge in Food Prices Introduction The Wholesale Price Index (WPI) inflation in India surged to a four-month high of 2.36% in October 2024, primarily driven by a sharp increase in food prices. This inflationary pressure, which measures the average change in prices of goods…
Consumer Price Index for Industrial Workers: 2016=100 (July 2024) Overview of the Consumer Price Index for Industrial Workers The Consumer Price Index for Industrial Workers (CPI-IW) is a crucial economic indicator that reflects the changes in the cost of living for industrial workers. For July 2024, the CPI-IW was recorded at 2016=100, indicating a significant…
Key Highlights from the Economic Survey 2023-24 Introduction to the Economic Survey 2023-24 The Economic Survey 2023-24, presented by the Ministry of Finance, offers a comprehensive review of the Indian economy’s performance over the past fiscal year. This document serves as a crucial indicator of the country’s economic health and provides insights into key economic…
RBI Projects CPI Inflation at 4.5% for FY25 The Reserve Bank of India (RBI) has recently projected the Consumer Price Index (CPI) inflation to be at 4.5% for the fiscal year 2024-25 (FY25). This projection comes amidst the backdrop of various economic factors influencing inflation rates. The RBI’s forecast holds significance for government exam aspirants,…
All India Consumer Price Index Numbers for Agricultural and Rural Labourers (February 2024) The Consumer Price Index (CPI) is a crucial indicator of inflation and reflects changes in the cost of living. In February 2024, the CPI numbers for both agricultural and rural laborers in India witnessed significant fluctuations, impacting various sectors and livelihoods across…
Rural Retail Inflation Outpaces Urban Counterpart The disparity between rural and urban retail inflation has been a persistent trend, with rural areas consistently surpassing urban counterparts for 18 out of the last 22 months. This divergence, often influenced by various socioeconomic factors, showcases distinct price dynamics and consumption patterns. Rural India has been experiencing an…
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