While the number was expected to be on the higher side, it was not expected to jump to this level, analysts said.
Inflation in the vegetables basket stood at 11.41 percent in August as against 11.29 percent in July.
The combined food price inflation (CFPI) for July stood at 9.62 percent, against 8.72 percent a month ago.
The Nifty appears to have witnessed profit booking from its intraday high of 10,894, after opening gap up, as it tested its 200-day simple moving average whose value is placed at 10,885 levels
The government had not released data for the months of April and May citing insufficient data collection amid the outbreak of coronavirus.
In the wake of the coronavirus pandemic, the Reserve Bank of India (RBI) on March 27 cut the repo rate by 75 basis points to 4.40 percent versus 5.15 percent earlier
The Delhi government on February 28 gave a go-ahead to the city police to prosecute former JNUSU president Kumar and nine others in connection with a four-year-old sedition case, as the ruling AAP denied the persistent BJP charge of blocking the proceedings in the matter.
Food prices, which is a gauge to measure changes in kitchen budgets, fell 13.63 percent, against a growth of 14.1 percent in December.
Moneycontrol's Shraddha Sharma talks to Deputy Executive Editor Ravi Krishnan to find out the implications of a spike in the consumer price index.
It’s up to the Union Budget now---an extraordinary slowdown calls for special measures
Vegetables inflation for December stood at 60.5 percent against 36 percent in November.
The Communist Party of India, Communist Party of India (Marxist), Communist Party of India (Marxist-Leninist)-Liberation, All India Forward Bloc and the Revolutionary Socialist Party, in a joint statement, alleged that the bill was completely violative of the Constitution and aimed at destroying the secular democratic foundations of India.
West Bengal CPI secretary Swapan Banerjee said, Dasgupta was suffering from lung cancer for last several months.
Deposit insurance in India protects up to Rs 1 lakh of a depositor’s money — an incredibly low figure by whichever way you seek to measure it. This level was fixed over a quarter century ago in 1993.
Based on tepid CPI numbers and a widening output gap, the RBI might take stronger action and reduce rates by 50bps in its October policy.
EC had earlier issued them notices asking why their 'national party' status should not be revoked following their performance in the Lok Sabha elections
The Consumer Price Index (CPI)-based retail inflation data captures changes in shop-end prices and is the main metric that RBI tracks to decide on interest rates.
Signs on the ground don’t point to a meaningful growth recovery. With prices posing no immediate threat, RBI has its task cut out.
The Left has now its lowest-ever representation in the Lok Sabha after Independence as the CPI(M) have won three and the CPI two seats in the 2019 general election.
CPI's national general secretary Suravaram Sudhakar Reddy asked what would happen if some state governments were to fall during their term for one reason or the other.
India’s retail inflation for May inched up to 3.05 percent—7-month high—from 2.92 percent in April
Reddy, who assumed charge of the party's top post on March 31, 2012, and was serving a third term scheduled to end in 2021, is firm on announcing his "retirement" at the national council meeting to be held in Delhi on July 20.
Riding on a massive Modi wave sweeping through most parts of India, the BJP was set to return to power on May 23 as it led in 292 seats while the Congress trailed far behind with 50, according to trends released by the Election Commission for all 542 seats that went to polls.
CPI Gen Secy Suravaram Sudhakar Reddy said lack of electoral understanding between the Left parties and the Congress helped the BJP make big gains in West Bengal.
Core CPI for April contracted to 4.6 percent from 5 percent in March.