Discover and read the best of Twitter Threads about #retailinflation
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#RetailInflation in May 2021 is 6.3%,Vs 4.23% in April
Core Inflation is 6.6%,Vs 5.4%
Food Inflation is 5.01% Vs 1.96%
Despite uptick,@narendramodi
govt has done very well to rein in #Inflation
Global Food Index in May is up 39.7% YoY,due to drought in many parts of the globe
Core Inflation is 6.6%,Vs 5.4%
Food Inflation is 5.01% Vs 1.96%
Despite uptick,@narendramodi
govt has done very well to rein in #Inflation
Global Food Index in May is up 39.7% YoY,due to drought in many parts of the globe
#GlobalFoodIndex is measured by
#FAO Food Price Index,#FFPI,which is a measure of monthly changes in international prices of a basket of #food commodities;It consists of average of five commodity group price indices,weighted by average export shares of each group over 2014-2016
#FAO Food Price Index,#FFPI,which is a measure of monthly changes in international prices of a basket of #food commodities;It consists of average of five commodity group price indices,weighted by average export shares of each group over 2014-2016
.@INCIndia trolls elated at minus 7.3% GDP growth in FY21,forgetting this was a #Pandemic year,in fact the worst pandemic in 102yrs
Good News in 4Q👇
GDP growth was 1.6% despite consensus of minus 1.4%
GVA growth was 3.7% Vs consensus of 2.6%
Industrial growth was solid 6.9%
Good News in 4Q👇
GDP growth was 1.6% despite consensus of minus 1.4%
GVA growth was 3.7% Vs consensus of 2.6%
Industrial growth was solid 6.9%
In fact,both in Q3&Q4FY21,India reported positive GDP&GVA growth
Industrial growth also was +ve for 2 qtrs in a row at 1.7%&6.9%
Agricultural growth has been a positive 3%+ in every single qtr,in last 4 qtrs
Construction growth has been a massive 6.5%&14.5% in Q3&Q4
#Economy
Industrial growth also was +ve for 2 qtrs in a row at 1.7%&6.9%
Agricultural growth has been a positive 3%+ in every single qtr,in last 4 qtrs
Construction growth has been a massive 6.5%&14.5% in Q3&Q4
#Economy
Some channels conveniently showing how WPI under @narendramodi govt has risen sharply,to 10.49% in April 2021
It is not #WPI but #CPI that matters& #RetailInflation measured by CPI was just 4.2% in April,with food inflation at 2.02%&Vegetable Inflation at minus 14.18%
#Economy
It is not #WPI but #CPI that matters& #RetailInflation measured by CPI was just 4.2% in April,with food inflation at 2.02%&Vegetable Inflation at minus 14.18%
#Economy
#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
Excellent decision by RBI to reject bids of 66473Cr from banks,for 10000Cr OMO,that was scheduled today
Banks,sitting on excess liquidity of 4.06 lakh Cr&demanding high yields
By rejecting bids,#RBI,trying to push down yields to sub 6%&coax banks to lend,to boost credit offtake
Banks,sitting on excess liquidity of 4.06 lakh Cr&demanding high yields
By rejecting bids,#RBI,trying to push down yields to sub 6%&coax banks to lend,to boost credit offtake
Next #OMO bond purchase of 10000Cr,slated for 1stOct
Last OMO under #OperationTwist for 15000Cr,was on 26thMarch'20
RBI,injecting liquidity regularly via #OpTwist,wherein it buys long dated paper&sells short term paper
@narendramodi gov's efforts to flatten rate curve,laudable
Last OMO under #OperationTwist for 15000Cr,was on 26thMarch'20
RBI,injecting liquidity regularly via #OpTwist,wherein it buys long dated paper&sells short term paper
@narendramodi gov's efforts to flatten rate curve,laudable
MPC to meet between 29thSep-1stOct'20
#RBI slated to keep status quo¬ lower rates--While Aug CPI at 6.69% is lower than July #RetailInflation of 6.93%,fact is,#CPI is still on higher side
RBI expected to continue with quantitative easing though,by doing #OMOs
#CreditPolicy
#RBI slated to keep status quo¬ lower rates--While Aug CPI at 6.69% is lower than July #RetailInflation of 6.93%,fact is,#CPI is still on higher side
RBI expected to continue with quantitative easing though,by doing #OMOs
#CreditPolicy
#July #RetailInflation has come@ 6.93% YoY
CPI for April&May,7.22% &6.27%
#Lockdown related supply disruptions led to spike
In hindsight,#RBI's decision not to lower #REPO in Aug meet,stands vindicated
June #CPI revised from 6.09%,to 6.23%&March revised up,from 5.84% to 5.91%
CPI for April&May,7.22% &6.27%
#Lockdown related supply disruptions led to spike
In hindsight,#RBI's decision not to lower #REPO in Aug meet,stands vindicated
June #CPI revised from 6.09%,to 6.23%&March revised up,from 5.84% to 5.91%
June&March revisions led by revisions in #FoodInflation
For example,revised food inflation in June is 8.72%,Vs earlier figure of 7.87%
#July food inflation@ 9.62% saw a sharp rise,driven by rising meat,fish&vegetable prices
#Rural inflation in July was 7.04%,Vs #Urban@6.84%
For example,revised food inflation in June is 8.72%,Vs earlier figure of 7.87%
#July food inflation@ 9.62% saw a sharp rise,driven by rising meat,fish&vegetable prices
#Rural inflation in July was 7.04%,Vs #Urban@6.84%
Good bit in July inflation number is #FuelInflation@ just 2.8%
#CoreInflation in July,excluding food&energy,is slated to be in 5.8-5.8% range
Core inflation in June was 5%&3.8% in March 2020--Spike in July,gives added reason not to lower #REPO which is at 20 year low,currently
#CoreInflation in July,excluding food&energy,is slated to be in 5.8-5.8% range
Core inflation in June was 5%&3.8% in March 2020--Spike in July,gives added reason not to lower #REPO which is at 20 year low,currently
Budgetary allocation for #MGNREGA has been slashed from Rs. 71,002 crore in 2019-20 (Revised Estimates) to Rs. 61,500 crore in 2020-21 (Budget Estimates) viz. a fall of Rs. 9,502 crore (-13.4%). URL is indiabudget.gov.in/doc/Budget_at_… #EffectiveDemand 
In comparison to #MGNREGA allocation of Rs. 60,000 crore in 2019-20 (B.E.), the rise in allocation in 2020-21 (B.E.) is just by Rs. 1,500 crore (viz. 2.5%). #unionbudget_2020 @newsclickin @sayantanbera @the_hindu @rozi_roti @NREGA_Sangharsh
@newsclickin @sayantanbera @the_hindu @rozi_roti @NREGA_Sangharsh Headline #retailinflation increased to 4.1% in 2019-20 (Apr-Dec, 2019) as compared to 3.7% in 2018-19 (Apr-Dec, 2018), according to #EconomicSurvey2020. URL is im4change.org/docs/497echapt… #MGNREGA #Budget2020 #FiscalStimulus #RuralDemand
