The consumer price index (CPI) rose 2.3 percent on-year in March, compared to a 2.5 percent forecast by a Reuters poll and in line with February's 2.3 percent on-year reading. Consumer inflation was down 0.4 percent on-month.
"February 2016 inflation numbers are down and on expected lines. Lower food inflation main reason," Department of Economic Affairs Secretary Shaktikanta Das tweeted.
The CPI has risen for the past 6 months from 3.7 percent to a 17-month high of 5.7 percent in January 2016. However, it is likely to decline in February led by food inflation mainly on easing seen in vegetable prices such as onions.
This is the third consecutive month of a decline in the IIP data led by manufacturing which slipped to -2.8 percent vs -2.4 percent month-on-month (MoM).
While falling fuel costs may be a boon for corporate profits, low energy prices suppress inflation which in turn may discourage companies from raising wages or the prices of their goods.
The Labor Department said on Friday its Consumer Price Index, excluding the volatile food and energy components, increased 0.3 percent last month, the biggest gain since August 2011, following a 0.2 percent rise in December.
The Labor Department said on Friday its Consumer Price Index, excluding the volatile food and energy components, increased 0.3 percent last month. That was the biggest gain since August 2011 and followed a 0.2 percent rise in December.
According to the global financial services firm, inflation and growth worries for the Indian economy still persist and implementation of the Seventh Pay Commission recommendations is likely to exert pressure on fiscal finances of the government -- both the Centre and states.
According to a CNBC-TV18 poll, IIP levels was expected around -1.26 percent against -3.2 percent Month-on-Month (MoM), while consensus was expecting the consumer price index (CPI) to come in at around 5.52 percent.
According to the global financial services major, the Reserve Bank of India is expected to maintain an accommodative stance.According to the global financial services major, the Reserve Bank of India is expected to maintain an accommodative stance.
"Notwithstanding the benign retail and wholesale price forecast for 2016-17, Ind-Ra believes the inflationary challenge is far from over as food prices have more than often triggered surprises," the agency's Chief Economist Devendra Pant said in a statement.
The CPI data has been consecutively hardening for the past four months and December is the fifth month. It has risen from levels of around 3.7 percent in July of 2015
Last week, the Bank of Japan announced plans to increase purchases of exchange-traded funds(ETFs) to 300 billion yen (USD 2.45 billion) in firms that invest in physical and human capital in a surprising move to encourage investment.
The Labour Department said on Tuesday its so-called core Consumer Price Index, which excludes food and energy, gained 0.2 percent last month. It was the third straight month that the core CPI increased by that margin, and reflected rising rents, airline fares, new motor vehicles and healthcare costs.
November's expected CPI is likely to inch around 5.38 percent due to base effect of a lower October CPI (3.3 percent).
The core consumer price index (CPI), which excludes volatile fresh food but includes oil costs, fell 0.1 percent in the year to October, government data showed on Friday, matching a median market forecast.
Importantly, a new consumer price index (CPI) will exclude energy costs, which have been falling, but include the costs of items such as processed and imported foods, which have been rising.
The modest rise in inflation last month could offer more support to expectations that the Federal Reserve will raise interest rates next month. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent last month, reversing September's 0.2 percent drop.
The consumer price index (CPI) rose 1.3 percent in October from a year earlier, compared with a 1.6 percent increase in September, the National Bureau of Statistics (NBS) data showed on Tuesday. A Reuters poll had expected a rise of 1.5 percent.
Former Reserve Bank Governor C Rangarajan says prices of pulses and vegetables are likely to rise even now.
The PPI, which measures wholesale prices, clocked its 43rd straight month of declines as overcapacity in a number of sectors coupled with a lack of demand kept a lid on prices.
The consumer price index was expected to rise 4.3 percent last month, with forecasts in the survey of over 20 economists ranging between 3.6 percent and 5.0 percent.
The data on Wholesale Price Index (negative 4.9 percent) and Consumer Price Index (3.66 percent) continue to reflect a benign inflationary environment, said ratings and research firm Ind-Ra
The base effect is playing a major role here considering CPI had come in at around 7 percent in August 2014, while core CPI was at 6 percent, food inflation was at 8.6 percent and vegetable inflation was at 10.8 percent.
While the Bank of Japan has said it will look through the effect of slumping oil costs on inflation, the weak figures will keep it under pressure to expand its massive stimulus programme.