Decline in overall food and beverage inflation brought overall retail inflation, based on Consumer Price Index (CPI), down to 5.5 per cent in November from the October high of 6.2 per cent, government data released on Thursday showed. Experts said this brightens expectations of a policy rate cut in February. Another dataset showed that better […]
The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 3.5% in November 2024 while retail inflation stood at 5.48% Source link
Inflation outlook for November updates: India’s retail inflation, based on the Consumer Price Index (CPI), is anticipated to have moderated to a range of 5.4% to 5.8% in November, following an uptick to 6.2 per cent in October. The National Statistical Office is set to release official figures on December 12. Analysts attribute the expected […]
Retail inflation, based on the Consumer Price Index (CPI), is likely to have eased between 5.4 per cent and 5.8 per cent in November. The National Statistical Office will officially make the data public on December 12 at 4 p.m. Retail inflation surged to 6.2 per cent in October. Experts believe that the rate has […]
NEW DELHI: Retail sales of vehicles across categories in India grew 11.2% at 32,08,719 units in Nov, as compared to 28,85,317 units in same month last year, riding on two-wheeler demand, Federation of Automobile Dealers Associations (FADA) said in Monday.Retail sales of two-wheelers were at 26,15,953 units last month compared to 22,58,970 units in Nov […]
NEW DELHI: Retail vehicle sales in November recorded a rise of 11.21 per cent, majorly due to strong demand for two-wheelers, according to the Federation of Automobile Dealers Associations (FADA). Sales totaled 3,208,719 units, compared to 2,885,317 units during the same month last year.Two-wheeler retail sales reached 2,615,953 units in November 2024, up from 2,258,970 […]
Physically-backed gold exchange-traded funds (ETFs) reported a net loss globally for the first time in seven months during November, the World Gold Council (WGC) said. However, Indian gold ETFs recorded inflows for the eighth consecutive month, attracting $175 million in November. This was likely driven by rising equity market volatility and general bullish sentiment towards […]
India’s Consumer Price Index (CPI) inflation is expected to ease to 5.4 per cent in November 2024, down from 6.2 per cent in October, according to a report by Union Bank of India. The decline is primarily attributed to a seasonal drop in vegetable prices, which surged significantly in the previous months. The report highlighted […]
Truck movements and rentals across the country saw a sharp fall in November, post-the-festival season rush, with a slowdown in the movement of goods, according to Shriram Finance. Fleet occupancy levels also crashed to 60 per cent and below, it said. The ban on the entry of BS4 trucks in the National Capital Region and […]
Despite inflationary pressure, the services sector performed well in November, a private survey report released on Wednesday showed. The survey result, known as the Purchasing Managers’ Index (PMI), came in at 58.4 in the said month. Meanwhile, service providers signalled an unprecedented rise in employment. Services has a 53 per cent share in Gross Value […]
