Prices of potato, tomato, onion, wheat flour, pulses, LPG, petrol and diesel are skyrocketing, becoming difficult for the poor to make ends meet: Oppt Leader

RBI Governor Shaktikanta Das also said that inflation is likely to remain elevated throughout winter

Goyal in an interview says the management of the Covid-19 pandemic helped in avoiding multiple Covid-19 peaks.

Rahul Gandhi has been targeting the government on various issues including the declining GDP and the state of the economy.

Inflation shaves off your real income. But despite being specifically tasked with reining in inflation, the RBI seems unconcerned.

Three new external members in the panel voted in today's decision.

The supply of vegetables from Delhi, Punjab, Haryana, Uttar Pradesh and Himachal Pradesh to the Azadpur mandi are currently down by 20 per cent on an average.

Supply chain disruptions persist, resulting in inflation pressures across segments, RBI Governor Shaktikanta Das said while announcing the decisions taken by the central bank’s Monetary Policy Committee (MPC).

The wholesale inflation data comes a day after the Consumer Price Index (CPI) for January also showed an accelerating trend.

The retail inflation based on Consumer Price Index (CPI) was 2.11 per cent in December 2018 and 5.54 per cent in November 2019.

Costlier vegetables, pulses and protein-rich items pushed the consumer price index-based retail inflation to a 40-month high in November.

Several economists emphasise that the current food inflation is a 'one-off situation due to monsoon disturbances' and not due to 'structural issues'.

Finance Minister Nirmala Sitharaman further said that despite all worries on industrial production front in the fourth quarter of 2018-19, "we see clear signs" of improvement up to July 2019.

Prices of tomatoes in recent days increased to nearly Rs 90 a kg in the national capital.

The previous high was in October 2018, when the retail inflation print came in at 3.38 per cent.

In its first bi-monthly policy for FY20 in April, the Reserve Bank of India (RBI) had forecast the retail inflation to be hovering in the range of 2.9-3 per cent for six months till September.

The rate of price rise in April is the highest since October 2018 when the rate was 3.38 per cent, official data shows

'During 2014-19, the country would register an average growth of 7.4 per cent and the average inflation would be less than 4.5 per cent,' said PM Modi.

The Wholesale Price Index data for January, furnished by the Ministry of Commerce and Industry, showed that wholesale prices rose on a slower rate than the rise of 3.80 per cent reported for December 2018.

The previous low than the latest print of 2.33 per cent was back in June 2017, when retail inflation stood at 1.46 per cent.