Inflation in general term is a price hike of essential commodities and services within a certain period of time. It is used to mark rational ratio.....
Inflation in general term is a price hike of essential commodities and services within a certain period of time. It is used to mark rational ratio of price hike within two certain periods like weekly, monthly, tri-monthly, half annually and annually for an economy. In another terms, we can say that inflation is inversely proposal to purchasing power means, the more inflation, the less purchasing power.
Inflation is an essential tool for any country to control the price of commodities, manage your budget, and monitor your growth rate. In India, there are two types of tools used for measuring inflation Wholesale Price Index (WPI) and Commodities Price Index (CPI). The Wholesale Price Index is a comprehensive tool for measuring the price of representative basket of wholesale goods. India releases it WPI data on every Thursday weekly.
Consumer Price Index (CPI) in India comprises multiple series classified based on different economic groups. There are four series, viz the CPI UNME (Urban Non-Manual Employee), CPI AL (Agricultural Labourer), CPI RL (Rural Labourer) and CPI IW (Industrial Worker).
Here you will find the latest news on inflation, breaking news on inflation, hot news of inflation and recent news on Inflation.
Sydney, April 30 (IANS) The consumer price in Australia continued to rise in April, said a survey released Monday.
Washington, April 27 (IANS) Even as it lowered India's growth forecast to 6.9 percent this year from 7.1 percent in 2011, the International Monetary Fund (IMF) Friday said led by India and China, Asia will remain the fastest growing region in the world.
Washington, April 26 (IANS) US Federal Reserve Chairman Ben Bernanke Wednesday exuded frustration with the slow labor market recovery and hinted that the central bank was poised to take further moves to boost economic growth.
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New Delhi, Apr 25 (ANI): Union Law and Justice Minister Salman Khurshid on Wednesday played down the global agency Standard and Poor's (S andP) rating for India, saying he was confident that the country would get out from the economic slowdown crisis and the economic conditions would significantly improve.
New Delhi, April 22 (IANS) The budget session of parliament is set to resume Tuesday with the government hoping to pass some key pending bills, but also staring at some house trouble over issues like uncontrolled inflation, corruption and setting up of an anti-terror intelligence hub.
New Delhi, Apr 18 (ANI): Minister of State for Consumer Affairs, Food and Public Distribution K V Thomas on Wednesday said the government had taken adequate steps to control spiralling food inflation.
New Delhi, April 18 (IANS) A day after the results of elections to the trifurcated Municipal Corporation of Delhi (MCD) were announced, the Residents' Welfare Associations (RWAs) of Delhi say that the indifferent attitude towards problems of residents and unaccountability made the Congress lose in the civic polls.
New Delhi, April 18 (IANS) Inflation based on consumer prices rose to 9.47 percent in March as compared to 8.83 percent in the previous month, led by sharp increase in food prices, government data showed Wednesday.
If India needs to rejuvenate its previous growth rate, it must reforms its development infrastructure and fiscal consolidation and must keep check the rising inflation, suggested International Monetary Fund (IMF), an international organization that provides financial aid to the member's countries......
New Delhi, April 17 (IANS) Inflation will remain in the range of 6-7 percent in the current financial year, Finance Minister Pranab Mukherjee said Tuesday adding a slowdown in industrial output and general price rise remained major concerns for economic policymakers.
Inflation has long been the common man's concern about economy. Though inflation is the most immediate economic parameter to be associated with the hike of price, it has its long and far reaching effects on the society and social concerns. The monetary strategies in the international level are less vulnerable to the effects of global inflation than the currencies of the poorer and developing nations.
Mumbai, April 17 (IANS) India's central bank has projected the country's economic growth at 7.3 percent this fiscal, even as it has assessed the inflation rate to rule at around 6.5 percent by end-March, 2013.
New Delhi, April 16 (IANS) India's inflation declined marginally to 6.89 percent in March as compared to 6.95 percent in the previous month, helped by softening in prices of manufactured products, giving rise to the hope for first rate cut by the central bank in three years when it announces annual monetary policy Tuesday.
New Delhi, April 16 (IANS) India's economic growth is likely to improve marginally in the current financial year from the projected growth of 6.9 percent in 2011-12, but inflation will remain "sticky" due to high oil prices, impact of hike in taxes, wages and large suppressed inflation, the Reserve Bank of India said Monday.
New Delhi, Apr 16 (ANI): Finance Minister Pranab Mukherjee on Monday said the annual rate of inflation for the month of March has moderated to 6.89 percent as against 6.95 percent in February.
New Delhi, April 16 (IANS) Inflation declined marginally to 6.89 percent in March as compared to 6.95 percent in the previous month even as prices of vegetables, pulses and milk rose sharply, adding to the Reserve Bank of India's dilemma over rates cut in the annual monetary policy Tuesday.
Beijing, April 13 (ANI): The economic growth of China slowed down to 8.1 percent in the first quarter of 2012, as a slowdown in exports and real-estate investment complicated its efforts to guide the economy to progress.
Beijing, April 12 (IANS) China's economy is expected to expand at 8.2 percent in 2012 and 8.6 percent in 2013 as domestic demand will continue to boost the world's second-largest economy amid weak external demand, the World Bank (WB) said Thursday.
New Delhi, April 11 (IANS) India's economic growth is likely to rise marginally to 7 percent this fiscal from 6.9 logged in 2011-12 as global conditions stabilise, the Asian Development Bank (ADB) said Wednesday.
London, Apr 11 (ANI): Asia's rapid economic growth may undermine stability because the gap between the rich and poor is widening in India and other Asia countries, the Asia Development Bank (ADB) has revealed in its annual report.
Sydney, April 2 (IANS) Australia's consumer prices rose in March due to price rise in holiday travel and accommodation, alcohol and fuel, according to a survey released Monday.
Seoul, March 27 (IANS) South Korea's consumer confidence rose for two straight months in March due to a rally in local stocks and steady improvement in exports, the central bank said Tuesday.
New Delhi, Mar 20 (ANI): Finance Minister Pranab Mukherjee has said that India's headline inflation rate, based on the wholesale price index, is likely to fluctuate for a couple of months. "For a couple of months there will be fluctuations and after that, I do feel that it would be possible for us to settle it, but please remember, it will not come down very drastically to 4.50 per cent. I am always maintaining that it would be around 6.50 to 7 per cent, for the year as a whole," Mukherjee told media here.
New Delhi, Mar 20 (ANI): Finance Minister Pranab Mukherjee has said that India's headline inflation rate, based on the wholesale price index, is likely to fluctuate for a couple of months. "For a couple of months there will be fluctuations and after that, I do feel that it would be possible for us to settle it, but please remember, it will not come down very drastically to 4.50 per cent. I am always maintaining that it would be around 6.50 to 7 per cent, for the year as a whole," Mukherjee told media here.
New Delhi, Mar 15 (ANI): Union Finance Minister Pranab Mukherjee on Thursday presented the Economic Survey for fiscal 2011-12 in Parliament.
New Delhi, Mar 15 (ANI): Union Finance Minister Pranab Mukherjee on Thursday presented the Economic Survey for fiscal 2011-12 in Parliament.
Shahjahanpur/ Bareilly, Mar 3 (ANI): Amid the ongoing polling for the seventh and penultimate phase of the Uttar Pradesh assembly polls, voters in Shahjahanpur district of the state have expressed their desire of having an honest leader, who would keep a check on the spiralling inflation and bring in development aimed at providing welfare to the common man.
Shahjahanpur/ Bareilly, Mar 3 (ANI): Amid the ongoing polling for the seventh and penultimate phase of the Uttar Pradesh assembly polls, voters in Shahjahanpur district of the state have expressed their desire of having an honest leader, who would keep a check on the spiralling inflation and bring in development aimed at providing welfare to the common man.
New Delhi, Feb 14 (ANI): Union Finance Minister Pranab Mukherjee on Tuesday said that he is confident that moderation in inflation would continue in the coming months, though softening in the prices of manufactured goods despite the rapid decline in non-food primary inflation, may be more gradual.
Barabanki//Gorakhpur, Feb 1 (ANI): Senior Bharatiya Janata Party (BJP) leader Rajnath Singh has slammed the ruling Congress party for misleading voters with false promises during every election.
Barabanki//Gorakhpur, Feb 1 (ANI): Senior Bharatiya Janata Party (BJP) leader Rajnath Singh has slammed the ruling Congress party for misleading voters with false promises during every election.
Chicago (Illinois, US), Jan.30 (ANI): Finance Minister Pranab Mukherjee has said that India won't cut Iranian oil imports.
Chicago (Illinois, US), Jan.30 (ANI): Finance Minister Pranab Mukherjee has said that India won't cut Iranian oil imports.
New Delhi, Jan 12 (ANI): Finance Minister Pranab Mukherjee on Thursday said he is confident that moderation in inflation would continue in the coming months, though softening in the prices of manufactured goods, despite the rapid decline in non-food primary inflation, may be more gradual.
New Delhi, Dec 31 (ANI): The Janata Dal United (JD-U) on Saturday hit out at the Delhi Government over the hike in the price of Compressed Natural Gas (CNG) in New Delhi and the areas falling under National Capital Region, and demanded an immediate rollback.
New Delhi, Dec 30 (ANI): A total of seventeen Bills were passed by both the houses of Parliament in the winter session that concluded on Thursday night.
New Delhi, Dec 23 (ANI): Finance Minister Pranab Mukherjee on Friday said inflation is expected to ease to between six and seven percent by March.
New Delhi, Dec 13 (ANI): Chief Economic Advisor to Finance Ministry Kaushik Basu, has said the Delhi Economic Conclave to be held here would help India occupy bit of a global space in the area of knowledge and knowledge creation.
New Delhi, Nov 24 (ANI): Congress leader Girija Vyas has urged all political parties to allow functioning of the Parliament during the ongoing Winter Session.
New Delhi, Nov. 23 (ANI): With the agitated opposition stalling proceedings in both the Houses of Parliament on the second consecutive day on Wednesday, the ruling Congress Party today hit out at the Bharatiya Janata Party (BJP) for disrupting the ongoing Winter Session of Parliament despite repeated assurances from Prime Minister Dr. Manmohan Singh that the government is ready to discuss all issues.
New Delhi, Nov. 23 (ANI): Senior Bharatiya Janata Party (BJP) leader S S Ahluwalia on Wednesday lashed out at the Congress-led United Progressive Alliance (UPA) Government at the Centre for not being able to conduct proceedings in the ongoing Winter Session of Parliament in a peaceful manner.
New Delhi, Nov. 23 (ANI): Rashtriya Janata Dal (RJD) supremo Lalu Prasad Yadav on Wednesday slammed veteran social activist Anna Hazare over his controversial remarks that alcoholics should be whipped and shamed in public.
New Delhi, Nov. 23 (ANI): Finance Minister Pranab Mukherjee on Wednesday said that the Euro zone economic crisis was causing volatility in the Indian stock markets.
New Delhi, Nov. 23 (ANI): With both Houses of Parliament being adjourned till tomorrow, the Bharatiya Janata Party (BJP) on Wednesday mocked the ruling Congress Party's rigid attitude in perpetually blaming the opposition for disrupting proceedings.
Patna, Nov. 23 (ANI): Bihar Chief Minister Nitish Kumar on Wednesday blamed the country's ruling Congress Party for initiating the tradition of boycotting ministers.
New Delhi, Nov 23 (ANI): Communist Party of India (Marxist) lawmaker Sitaram Yechury has said there has been no impact of the Central Government's earlier assurances in Parliament to take action to prevent skyrocketing inflation.
Hyderabad, Nov 23 (ANI): Expressing concern over rising inflation, Reserve Bank of India (RBI) Governor D. Subbarao has said efforts need to be taken to curb it, especially for the benefit of the poorer sections of society.
New Delhi, Nov 23 (ANI): Communist Party of India (Marxist) lawmaker Sitaram Yechury has said there has been no impact of the Central Government's earlier assurances in Parliament to take action to prevent skyrocketing inflation.
Hyderabad, Nov 23 (ANI): Expressing concern over rising inflation, Reserve Bank of India (RBI) Governor D. Subbarao has said efforts need to be taken to curb it, especially for the benefit of the poorer sections of society.
New Delhi, Nov. 22 (ANI): Expressing concern over the rising inflation, Finance Minister Pranab Mukherjee on Tuesday said the global commodity prices have not softened as much as anticipated compelling speculators to keep the prices high.
Mumbai, Nov.17 (ANI): November reports indicate that inflation has exceeded nine percent for eleven months straight and the appreciating dollar is probably adding, and will be continue to add, to the nation's woes.
New Delhi, Nov.14 (ANI): Inflation remained almost unchanged at 9.73 per cent in October. It was 9.72 per cent in September.
New Delhi, Nov 3 (ANI): Union Finance Minister Pranab Mukherjee on Thursday expressed concern over the food price index, as it rose from 11.43 percent to 12.21 percent, its highest in nine months.
Mumbai, Oct.25 (ANI): The Reserve Bank of India (RBI) on Tuesday announced that it would be deregulating the savings bank deposit interest rate with immediate effect.
Kolkata, Oct 24 (ANI): Emphasising that rising food inflation is unacceptable, Union Finance Minister Pranab Mukherjee has said government would take substantial measures to curb rising rates.
Beijing, Oct 22 (ANI): Inflation in China in 2011 will stand at 5.8 percent, and there will be no initiatives to further tighten or loosen the nation's monetary stance, Yu Yongding, a former adviser to the central bank's monetary commission, has said.
New Delhi, Sep 14 (ANI): Expressing concern over the rising inflation, the Chief Economic Adviser to the Finance Ministry, Kaushik Basu, on Wednesday said it is not an unexpected phenomenon, while asserting the current trend would continue till December 2011.
New Delhi, Sep 14 (ANI): With inflation inching closer to the double-digit figure of 9.78 percent, Finance Minister Pranab Mukherjee on Wednesday said the government and the Reserve Bank of India (RBI) will tackle the problem collectively.
New Delhi, Sep 1 (ANI): With food inflation clawing its way up to the double-digit mark after a gap of five months, Finance Minister Pranab Mukherjee termed inflation a matter of concern on Thursday, and said the government would have to improve supply constraints to deal with rising prices.
New Delhi, Aug.29 (ANI): How does one just go about life after a major new story captivates a nation like the Anna fast? A fortnight of obsessive and compulsive disorder of watching any and every bit of news. Absorbing one raucous TV debate after the other till one was saturated. And then, more of the same.
Agra, Aug 15 (ANI): Clerics, who conduct prayers in historic Mughal mosques in Agra have called upon the administration to hike their pay from a paltry sum of Rs. 15.
New Delhi, Aug.15 (ANI): Delivering a 40-minute speech from the ramparts of the historic 17th century Red Fort on the occasion of India's 65th Independence Day, Prime Minister Manmohan Singh on Monday said his government sees the taming of inflation as one of its top priorities, and blamed global factors like high commodity and oil rates for the price rise.
Mumbai, Aug 9 (ANI): Siddharth Kuwawala, a financial analyst based in Mumbai, has predicted that inflation might trickle down with a global decrease in crude oil prices.
Kolkata, Aug 8 (ANI): Communist Party of India-Marxist (CPM) General Secretary Prakash Karat has criticized Delhi Chief Minister Sheila Dikshit over her indictment in the recently published Comptroller and Auditor General (CAG) report on irregularities observed in Commonwealth Games.
New Delhi, Aug 6(ANI): Union Finance Minister Pranab Mukherjee on Saturday said that India's major challenge in the short-term is inflation, which has implications of sustaining the growth momentum.
New Delhi, Aug 1 (ANI): The Chairman Economic Advisory Council to the Prime Minister, Dr. C. Rangarajan released the 'Economic Outlook 2011-12' here today
London, July 26 (ANI): Visiting Indian Finance Minister Pranab Mukherjee has said that former telecom minister A. Raja's statement on Monday suggesting that the Prime Minister, Dr. Manmohan Singh, and the then finance minister, P. Chidambaram, were aware of all decisions related to the allocation of 2G spectrum to interested parties, and that he alone could not be prosecuted in the so-called telecom scam, could not be treated as evidence.
New Delhi, July 21 (ANI): Finance Minister Pranab Mukherjee on Thursday said that the food inflation situation could improve further by year end.
Agra, June 7 (ANI): Stepping up his offensive against the Central government, Samajwadi Party chief Mulayam Singh Yadav has described the action against yoga guru Baba Ramdev as an act of "unstable minds".
New Delhi, May 31 (ANI): Finance Minister Pranab Mukherjee on Tuesday expressed confident that the revised estimate at 8.5 percent is similar to the advance estimate and would remain stable in the next few months.
Agartala, May 19 (ANI): Expressing concern over the rate of inflation in the country, Reserve Bank of India (RBI) Governor Duvvuri Subbarao has said that it needed to be curbed to achieve growth targets.
New Delhi, May 13(ANI): Bharatiya Janata Party (BJP) spokesperson Ravi Shankar Prasad on Friday said that inflation and corruption charges against many Congress lawmakers hampered the Congress party's image during the Assembly polls in West Bengal, Tamil Nadu, Assam, Kerala and Puducherry.
New Delhi, May 6(ANI): A meeting of the Inter-Ministerial Group (IMG) on inflation was held here today under the Chairmanship of Dr. Kaushik Basu, Chief Economic Advisor, Union Finance Ministry.
New Delhi, May 2 (ANI): Union Finance Minister Pranab Mukherjee will leave for Vietnamese capital Hanoi tomorrow to attend Asian Development Bank (ADB)'s 44th Board of Governors' annual meet.
Manila (Philippines), Apr. 26 (ANI): Resurgent global food prices, which posted record increases in the first two months of 2011, are again threatening to push millions of people in developing Asia into extreme poverty, says a new report from the Asian Development Bank (ADB) titled 'Global Food Price Inflation and Developing Asia'.
Lucknow, Mar 25 (ANI): Muslim artisans in the historical city of Lucknow, famed for its rich cultural and historical heritage, its delectable cuisine and its 'tehzeeb' drawn from the glorious traditions of 'Nawabs', are languishing due to neglect.
New Delhi, Mar 3 (ANI): With inflation continuing to remain at an all-time high in China over the past few months, complaints surfaced in the west that China's uncontrolled fiscal expansion and the rising labour costs have pushed up inflation, which could spill over to the rest of the world.eijing-based economists, however, said that some people in the West misread China's economy and that their complaint was vague and not based on facts.
New Delhi, Feb 25 (ANI) Union Finance Minister Pranab Mukherjee on Friday presented the economic survey in the Parliament.
New Delhi, Feb 16 (ANI): Accepting that food inflation has been a problem, Prime Minister Dr. Manmohan Singh today said the government did not want to sacrifice the growth process as "it would not do the country any good."
New Delhi, Feb 16 (ANI): Accepting that food inflation has been a problem, Prime Minister Dr. Manmohan Singh today said the government did not want to sacrifice the growth process as "it would not do the country any good."
New Delhi, Feb 15 (ANI): Planning Commission Deputy Chairman Montek Singh Ahluwalia today said inflation would drop to seven per cent by March this year.
New Delhi Feb 14 (ANI): Expressing concern over the marginal decline in rate of price rise in January, Union Finance Minister Pranab Mukherjee on Monday said he hopes that the overall inflation will come down to seven percent by the end of March.
New Delhi/Bangalore, Feb.6 (ANI): In an open letter to the Prime Minister, Dr. Manmohan Singh, Dr. Sitaram Jindal, Chairman and Managing Director of Jindal Aluminium Ltd., has appealed to him to end what he termed the "miserable quality of governance" that prevails in the country.
New Delhi, Feb 4 (ANI): The Prime Minister, Dr. Manmohan Singh, on Friday said India's high inflation posed a "serious threat" to the country's growth momentum, and was driven by supply-side shortages.
Birbhum (West Bengal), Feb 1 (ANI): Union Finance Minister Pranab Mukherjee has said inflation would be soon brought under control.
Agra/Amritsar, Jan 17 (ANI): Reeling under the spiraling prices of essential commodities, locals and activists from regional factions staged agitations in several parts of the country to protest the perceived inability of the central government in tackling inflation.
Washington, Jan. 6 (ANI): An International Monetary Fund (IMF) report has said that the real gross domestic product (GDP) of India will grow at nearly nine percent during the period of April 2010 to March 2011 year on year, with high inflationary pressure, the International Monetary Fund (IMF) said in a report on Wednesday.
New Delhi, Dec 30 (ANI): Union Finance Minister Pranab Mukherjee, expressing his concern over food inflation, which accelerated to a ten-week high in mid-December on rising prices of vegetables, on Thursday said the government will take more steps to check price rise.
Washington, Nov 30 (ANI): A new analysis of the relic radiation has suggested that the universe got its start eons earlier and has cycled through myriad episodes of birth and death, with the Big Bang merely the most recent in a series of starting guns.
London, Nov 28 (ANI): Cosmos may provide some clues into events that happened before the Big Bang, according to an expert.
New Delhi, Nov.2 (ANI): Commending the Monetary Policy Review by the Reserve Bank of India, Union Finance Minister Pranab Mukherjee said on Tuesday that the changes announced by the RBI complement the Government's efforts to steer Indian economy to grow better and harness inflation.
New Delhi, Nov 2 (ANI): Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said the wholesale price inflation will come down by the end of December 2010.
