Consumer Inflation At 2.05% In January, Lowest Since June 2017

Meanwhile, the country's industrial output in December rose 2.4 percent from a year earlier, slightly higher than forecast, government data showed on Tuesday.

The Consumer Price Index inflation rate for rural areas stood at 1.29%, while it was 1.50% in December 2018.

Manufacturing output, which accounts for 77.63 per cent of the index, grew at 2.7 per cent in December as against 8.7 per cent a year ago but was higher than contraction of 0.6 per cent in the previous month.

Those differences may disappear as slowing economic activity is set to drag core inflation down and also as the pass through impact from food and fuel prices fades. Cumulatively, for April-December 2018-19, industrial output grew at 4.6 per cent against 3.7 per cent in the same period of the previous financial year. Growth in the mining sector declined 1%.

Economists in a Reuters poll predicted retail inflation would edge up to 2.48 percent in January from the downward revised December figure of 2.11 percent. The RBI, which in its sixth bi-monthly monetary policy statement on February 7 cut policy rate by 25 basis points, had revised down its inflation projections citing low food inflation due to excess supply conditions domestically as well as internationally and larger than anticipated moderation in fuel inflation.

The retail inflation number was much lower than the market expectations, said Tushar Arora, a senior economist at HDFC Bank.

Consumer inflation had stood at 1.46 per cent in June 2017.

About a third of the fall in food prices is structural and could persist for an extended period of time, said Prachi Mishra, chief India economist at Goldman Sachs in an interview with BloombergQuint.

Shaktikanta Das, the RBI's new governor, voted for a cut despite only weeks earlier acknowledging the challenges posed by the divergent paths taken by core and food inflation. The central bank also changed its policy stance to "neutral" from "calibrated tightening", a shift that allows it to act either way on the key rates.

Related News:

  • Apple to announce a new subscription-focused service on March 25th

    Apple to announce a new subscription-focused service on March 25th

    AirPower is based on the Qi charging standard, which powers wireless chargers for Android and iOS smartphones alike. If you're waiting for the new AirPods, they won't be arriving until the fall, it's suggested.

    Solskjaer confirms duo out of Champions League tie

    It is not over yet as there is the second leg at home, which we need to focus on. "Congratulations to my team, we were excellent", the German said.
    Trump could let March 1 deadline for trade deal slide

    Trump could let March 1 deadline for trade deal slide

    During an interview Monday, White House Counselor Kellyanne Conway said the president wants to meet with President Xi very soon. Vietnam, the Philippines, Brunei, Malaysia, Indonesia and Taiwan all have competing claims for territory in the region.
  • Malaysia to settle its problem with North Korea - Dr Mahathir

    Malaysia to settle its problem with North Korea - Dr Mahathir

    Secretary of State Mike Pompeo said during a visit to Slovakia on Tuesday he hoped for "substantial progress" in Hanoi . Kim could also meet with Vietnam's President Nguyễn Phú Trọng before sitting down with Trump.
    Taylor Swift Spotted at 2019 BAFTAs After-Party With Joe Alwyn

    Taylor Swift Spotted at 2019 BAFTAs After-Party With Joe Alwyn

    Alwyn, 27, walked the red carpet alone but linked up with the 29-year-old singer at an afterparty, witnesses on social media said. Although she is very private when it comes to her romance, Swift was not holding back her happiness for Alwyn last night.
    McConnell says Senate will vote on Democrats’ ‘Green New Deal’

    McConnell says Senate will vote on Democrats’ ‘Green New Deal’

    However, it's received far less support and more pause from moderate Democrats while receiving criticism from Republicans. He said Democrats could just simply "present" when the legislation comes before the chamber.
  • Nurse killed husband to marry inmate

    Nurse killed husband to marry inmate

    A Missouri woman has been accused of poisoning and killing her husband so she could marry her inmate lover. Officials determined that Amy poisoned Joshua with antifreeze and put him on the bed, according to KMIZ.
    Rapper 21 Savage Released From ICE Custody

    Rapper 21 Savage Released From ICE Custody

    United States Immigration and Customs Enforcement detained the rapper on claims that he was living in America on an expired visa. The attorney maintained the government knew about his immigration status as he had a 2017 U-visa application pending approval.
    Holders Czech Republic exit Fed Cup in first round

    Holders Czech Republic exit Fed Cup in first round

    Pliskova got off to a hot start in the second set, breaking Halep at love for a 3-1 lead after the Romanian's backhand went awry. France and Belarus reached the Fed Cup semifinals after sweeping their first-round series on Sunday.
  • Nintendo Direct To Air Tomorrow, Wednesday 13th February

    Nintendo Direct To Air Tomorrow, Wednesday 13th February

    The Direct will apparently run 35 minutes long, and focus on Switch titles, particularly Fire Emblem: Three Houses . Reports about a new Direct airing this week surfaced last weekend following teases from a Nintendo Insider.
    Anthem live-action short film Conviction by Neill Blomkamp announced

    Anthem live-action short film Conviction by Neill Blomkamp announced

    The publisher has partnered with Hollywood director Neill Blomkamp to produce a short film set in the game's world. Are you interested to watch Conviction when it arrives in a couple of days?
    'Arrow', 'The Flash' & Other Warner Bros. CW Shows Likely To Leave Netflix

    'Arrow', 'The Flash' & Other Warner Bros. CW Shows Likely To Leave Netflix

    But no, that's not exactly right. "It's certainly something we're willing to do", Reilly continued. Everyone in this space, it seems, is going to be gunning for Netflix, if they aren't already.


Most liked

Georgiev's 55 saves help Rangers cool off Leafs 4-1
At 10:35, the Maple Leafs then responded with an unassisted goal by Kasperi Kapanen, with a snipe of a shot off the left post. Price was screened by Frederik Gauthier and never saw the puck. "A little turnover at the blue line, they go down and score".

Tip: Personalize Chrome with Google's Colorful New Themes
While there are 14 new themes, the most notable look here is the Just Black theme, which effectively brings Dark Mode to Chrome . We'll keep an eye out for more, but for now, browse their themes for yourself and see if anything catches your eye.

2019 iPhones reportedly dash our USB-C hopes and dreams
Noticing the trend, Apple had also transformed all its MacBook lineups and the recently unveiled iPad Pro to USB Type-C. For fast-charging, you can pick up a Lightning-to-USB-C cable ($19) and a bigger charging brick ($29).

OnePlus 5G prototype to debut at Mobile World Congress
The company had said that the event is for the networking goal only and that it does not intend to launch any new product. We're now less than two weeks away from MWC 2019 , and almost all major smartphone makers will make their presence felt.

PM reopens Christmas Island as asylum seeker bill moves through Senate
If the minister rejects the medical reasons, the decision may be reviewed by a medical panel, which can recommend it goes ahead. Even still, Mr Shorten believes the "incompetent and divided" Morrison government should call an election as soon as possible.

Ohio 18-year-old gets vaccinations against parents' wishes
His journey to get vaccinated, however, stemmed from him wanting to protect others against diseases as much as himself. Minnesota is a state where guardians can opt out of required vaccinations if they philosophically object to them.

Woman throws chair off Toronto balcony, police investigating
In it, a woman stands on a high floor of a condo balcony near Harbour and York Streets and chucks a small chair over the railing. Anyone with information is asked to contact police at 416-808-5200, Crime Stoppers anonymously at 416-222-TIPS (8477) or online.

California governor pulls plug on LA-SF high-speed train
Newsom said he supported one tunnel. "The status quo is not an option", the governor said of the contentious project. 'We welcome this direction and look forward to continuing the important work on this transformative project'.

NZ fires: authorities mull letting thousands go home
Farmers and contractors in parts of the region have been banned from using machinery that could generate to sparks or fire. Fires of this size are unusual for New Zealand, with local media calling it the worst bushfire in 50 years.

Paris Saint-Germain midfielder Marco Verratti could return to face Manchester United
Tuchel said he was likely to rotate his squad on Saturday, adding: "Some guys have been run into the ground in recent weeks". Nantes plans to retire the No. 9 jersey in memory of Sala, who died at the age of 28 last month.

Bellevue house and garage where Jeff Bezos started Amazon up for sale
The Seattle Times report further reveals that in 1998 - the year Bezos moved out - the value of the house was close to $182,000. Amazon was started from here but only for a few months did it operate out of this house's garage.

'Apex Legends' racks up 25 million players in its first week
Now the game is at 25 million players and counting , with an incredible 2 million concurrent players diving in at one time. What was a boon for Apex Legends was crippling for Fortnite .

Donut Sticks coming to a McDonald's near you
The release promotes the fast food restaurant's "perfect pair", Donut Sticks and McCafé coffee. Donut Sticks will be available for a limited time beginning on February 20.

Allegiant announces cheap flights from Wichita to Florida's Emerald Coast
Destin-Fort Walton Beach is on the Emerald Coast of Florida near the Air Force Armament Museum and Eglin Air Force Base. Introductory fares will be as low as $49 each way, according to a news release from Allegiant.

Australia signs massive sub deal with French firm
The Australian government has signed a key contract with French shipbuilder Naval Group for the nation's Future Submarine program. Since being selected as Australia's partner for the Attack class Submarine Program in April 2016, a lot has been achieved.