Friday, Sep 20 2019 | Time 11:49 Hrs(IST)
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Business Economy


Retail inflation rate at 3.05 pc in May

New Delhi, Jun 12 (UNI) Retail inflation rate rose further to 3.05 per cent in May, the government said on Wednesday.
Consumer Price Index (CPI)-based inflation was 2.92 per cent in April and 2.86 per cent in March, mainly due to hike in food prices.
The CPI-based inflation in April was revised marginally upwards to 2.99 per cent from the earlier estimate of 2.92 per cent, the data released by the Ministry of Statistics & Programme Implementation said.
The inflation rate for Food and Beverages stood at 2.03 per cent, while Pan Tobacco and Intoxicants stood at 3.93 per cent.
The inflation rate for Clothing and Footwear for May stood at 1.80 per cent, Housing at 4.82 per cent and Fuel and Light at 2.48 per cent.
The inflation rate for vegetables stood at 5.46 per cent, while the price of cereals and products grew at the same rate of 1.24 per cent.
The RBI has fixed 4 per cent as a target for inflation rate.
In its June monetary policy, the RBI cut the interest rate by another 25 basis points (100 basis points equal to one per cent). It was the third successive rate cut by the central bank.
UNI RSA RJ 1906
More News

Pound up; USD, Yen, Euro down

20 Sep 2019 | 11:44 AM

Mumbai, Sep 20 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates per unit on Friday.

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Chennai Oil Market Rates

20 Sep 2019 | 11:39 AM

Chennai, Sep 20 (UNI) Following are the rates in the
Chennai Oil Market here today.

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Bullion Market Opening Rates

Bullion Market Opening Rates

20 Sep 2019 | 10:52 AM

Chennai, Sep 20 (UNI) Following is the bullion markets
opening rate here today.

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CREDAI Telangana announces it’s new office bearers

19 Sep 2019 | 11:39 PM

Hyderabad, Sep 19 (UNI) The Confederation of Real Estate Developers Association of India (CREDAI) Telangana on Thursday announced its new office bearers for the period 2019 to 2021, who would be responsible for spearheading and strengthening the CREDAI initiatives in Telangana and support the development of the sector in the region.

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S African delegations calls on Telangana Minister

19 Sep 2019 | 11:33 PM

Hyderabad, Sep 19 (UNI) South African delegation led by High Commissioner Sibusiso Ndebele called on Telangana Minister for IT and Municipal Administration ,K T Rama Rao here, an official release said here on Thursday.

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