12 Nov, 2014 11:11p.m.

Inflation Falls to Record Low of 5.52%

Consumer inflation fell to a record low of 5.52 per cent in October, dragged down by sharp drops in food and oil prices. This is the slowest pace of price rise since retail inflation numbers were first published in January 2012.

In another positive development on the economic front, industrial production in September jumped 2.5 per cent compared to 0.4 per cent in August, government data showed on Wednesday. In September, consumer or retail inflation was at 6.46 per cent.

Food price inflation, under a new series published by the government, eased to 5.59 per cent in October from 7.67 per cent in September. Petrol prices have been cut six times since August while diesel prices have been lowered twice since its decontrol last.

With consumer inflation coming below the Reserve Bank of India's target level of 6 per cent, and global oil prices hovering near 4-year lows, expectations are high that the central bank could cut rates.

Read more @ http://profit.ndtv.com/news/economy/article-october-consumer-inflation-692424

Latest in Important News
govt-yields-to-major-demand-by-the-bsnl-employees-on-pay-revisionGovt. yields to major demand by the BSNL employees on pay revision 🕑 17 Dec,18
opportunity-for-revision-of-option-to-come-over-to-revised-pay-structureOpportunity for revision of option to come over to revised pay structure 🕑 13 Dec,18
will-bjps-election-drubbing-make-govt-reconsider-demands-made-by-govt-employeesWill BJP's election drubbing make Govt. reconsider Demands made by Govt. Employees ? 🕑 13 Dec,18
railway-union-to-support-the-party-which-fullfill-their-demandsRailway union to support the party which fullfill their demands 🕑 11 Dec,18
minutes-of-meeting-general-secretary-nfir-and-railway-minister-on-dec-7-2018Minutes of meeting - General Secretary, NFIR and Railway Minister on Dec 7, 2018 🕑 10 Dec,18
tier-ii-nps-investments-by-govt-staff-to-get-it-deductions-under-80cTier II NPS investments by Govt. staff to get IT deductions under 80C 🕑 10 Dec,18
aai-employees-on-hunger-strike-against-airports-privatisationAAI employees on hunger strike against airports privatisation 🕑 10 Dec,18
govt-contribution-to-nps-hiked-to-14Govt. contribution to NPS hiked to 14%. 🕑 07 Dec,18
bsnl-employee-unions-defer-strike-december-10BSNL employee unions defer strike December 10 🕑 06 Dec,18
govt-rejects-demand-higher-military-service-pay-mspGovt. rejects demand higher Military Service Pay (MSP) 🕑 04 Dec,18
Latest in Other News Sections
NPS rule changes explained in 10 points 🕑 16 Dec,18 2:55p.m.
ITR forms soon to come prefilled 🕑 04 Dec,18 9:41p.m.
Govt. mulling rewards for honest and consistent taxpayers 🕑 14 Oct,18 9:54p.m.
Ayushman Bharat Health Scheme: All You Need To Know 🕑 25 Sep,18 1:39p.m.
Amazon launches five new Echo products in India 🕑 21 Sep,18 11:30a.m.
Interest for PPF and other small savings schemes hiked 🕑 20 Sep,18 12:06p.m.
Apple announces iPhone XS, XS Max and XR. 🕑 13 Sep,18 9:10p.m.
Five most healthful nuts 🕑 12 Sep,18 1:03p.m.
10 purposes where you can withdraw PF contribution before retirement 🕑 23 Jul,18 6:20p.m.
PFRDA to allow partial fund withdrawal from NPS for higher education 🕑 03 May,18 8:11p.m.