• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

CPI Inflation To Average 4.8 Per Cent In 2024-25: SBI Report

OMMCOM NEWS by OMMCOM NEWS
December 14, 2024
in Business
inflation

New Delhi: CPI inflation is likely to average 4.8 per cent with an upward bias for the full financial year 2024-25 as evolving food prices play a key role, according to an SBI report.

“With continuous moderation in fuel prices (fuel and light inflation is in negative territory for the last 15 consecutive months), inflation is currently being driven by food price only,” the report states.

“We expect RBI to cut rates in February 2025 by a cumulative 75 bps over the rate cut cycles and such a decision is unlikely to be impacted by what could happen to US dollar, as was the case in 2018 when the RBI did not hike rates even as the rupee was under enormous pressure,” the report further states.

According to the SBI report, retail inflation rates among Indian states are converging toward a 4 per cent target level (basis Sigma-Type methodology in the last decade) underscoring that inflation targeting in a broader sense is working.

In principle, Sigma convergence occurs when the dispersion (from 4 per cent) across states falls over time. Further, both CPI General and CPI Food are converging, however, the rate of convergence is steeper in headline CPI while volatility in food inflation is checkmating faster convergence, the report explains.

The report also states that middle-income and high-income states have shown a higher decline in food inflation in the last decade as compared to low-income states as reflected in a downward shift of distribution.

“We believe that migration of labour from low-income states to high-income states in search of employment opportunities is resulting in faster disinflation in high-income states – and is driving a relatively gradual decline in food inflation,” the report states.

The average daily wage rate of non-agriculture labourers and rural inflation exhibits a low correlation of 0.11 across states – indicating that a rise in wages has not had a significant impact on food inflation, implying that a wage-price spiral wherein a rise in wage results in a rise in price levels, is nearly absent in case of India.

According to a senior official, this is happening because various welfare schemes of the government that provide free and subsidised food grains to the poor are helping to keep inflation in check.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Time To Boost Measures To Prevent Drowning, Save Children: WHO

Next Post

South Korea: Yoon’s Impeachment Raises Concerns Over Military Leadership, Readiness Against North Korean Threats

Related Posts

Sensex
Business

Nifty Financial Services Index Becomes Best-Performing Sector, Surges 15.5 Pc In H1 2025

June 27, 2025
GDP
Business

India’s GDP Projected To Grow At 6.2 Pc In FY26 With Inflation Around 4 Pc: Report

June 27, 2025
Business

Indian Markets Likely To Rise In Q3 FY26: Morgan Stanley

June 27, 2025
Rose-Scented Litchis
Business

In A First, India Exports Rose-Scented Litchis From Punjab To Qatar, Dubai

June 27, 2025
Economy
Business

Resilient Economy: Total Brand Value Of Top 100 Indian Firms Hits $236.5 Billion

June 27, 2025
Piyush Goyal
Business

QCOs Benefit MSMEs By Enhancing Product Quality, Consumer Satisfaction: Piyush Goyal

June 27, 2025
Next Post

South Korea: Yoon's Impeachment Raises Concerns Over Military Leadership, Readiness Against North Korean Threats

Prime Minister Narendra Modi

Raj Kapoor Centenary: PM Modi Says Cinema Legend Left Indelible Mark On Indian, Global Cinema

Navy Chief Dinesh Tripathi's Indonesia Visit To Strengthen Maritime Ties

khimji
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.