Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Demonetization set to ease retail inflation to below 4%
  • Business

    Demonetization set to ease retail inflation to below 4%

    Sneha Johny
    Written by
    Sneha Johny
    Mail
    Last updated on Dec 13, 2016, 08:05 am
    Demonetization set to ease retail inflation to below 4%
  • Market experts and economists are expecting the country to clock retail inflation lesser than 4% after the demonetization move impacted the availability and supply of money.

    The inflation figures based on the consumer price index (CPI) is set to be released on Tuesday.

    Last month, the retail inflation had eased to touch a 14-month low of 4.2%, while food inflation dipped to 3.32%.

  • In this article
    PM Modi's demonetization move Demonetization's impact on the Indian economy Demonetization set to ease retail inflation to below 4% Looking ahead: What are the inflation targets? Why are the inflation rates set to decelerate? Disinflation also pitched to be seasonal change?
  • 08 Nov 2016

    PM Modi's demonetization move

    PM Modi's demonetization move
    Credits:
  • Earlier last month, Prime Minister Narendra Modi took a major economic step by abolishing high-value currency notes in the country.

    The Prime Minister announced that all Rs.500 and Rs.1000 notes would be held invalid and in their place fresh Rs.500 and Rs.2000 notes would be issued by the banks.

    This was an effort to counter rising corruption and black money in the country.

  • Impact

    Demonetization's impact on the Indian economy

    Demonetization's impact on the Indian economy
  • Market analysts estimated that the country's GDP will drop by around 1% since consumption will plunge.

    Due to lower demand for products and services because of the cash crunch, the inflation rates are set to come down, reports said.

    Food item inflation, analysts said, accounted for about 47.3% of the overall CPI.

    Despite lower inflation levels, the RBI maintained the repo rate at 6.25%.

  • 13 Dec 2016

    Demonetization set to ease retail inflation to below 4%

    Demonetization set to ease retail inflation to below 4%
  • Market experts and economists are expecting the country to clock retail inflation lesser than 4% after the demonetization move impacted the availability and supply of money.

    The inflation figures based on the consumer price index (CPI) is set to be released on Tuesday.

    Last month, the retail inflation had eased to touch a 14-month low of 4.2%, while food inflation dipped to 3.32%.

  • Quote

    Looking ahead: What are the inflation targets?

  • "CPI inflation's trajectory is expected to remain soft till December mainly on account of a good monsoon and a record harvest. Further, demonetization will also help it fall further," said Sunil Kumar Sinha, principal economist, India Ratings and Research.

  • Falling inflation prices

    Why are the inflation rates set to decelerate?

    Why are the inflation rates set to decelerate?
  • Optimum harvest output, while consumers are battling a liquidity crisis is what prompts economists to speculate on lower market rates and falling inflation levels.

    The RBI has stated that the demonetization effects are expected to reverse and become unfavourable in December and January.

    Inflation amongst non-food items could continue in an upward pressure, for products such as crude oil and metal.

  • Quote

    Disinflation also pitched to be seasonal change?

  • "Disinflation is mainly seen in the case of perishable commodities like fruits and vegetables. But we can't figure out whether it's solely on account of demonetization or the seasonal nature of these products," said Sinha.

  • India
  • Narendra Modi
  • RBI
  • Prime Minister
  •  
Latest News
  • Apple M1 Mac users report abnormally high SSD usage
    Apple M1 Mac users report abnormally high SSD usage
    Science
  • In a first, Brazil twins undergo gender confirmation surgery together
    In a first, Brazil twins undergo gender confirmation surgery together
    World
  • Ellie Goulding expecting first child, is almost 8 months pregnant
    Ellie Goulding expecting first child, is almost 8 months pregnant
    Entertainment
  • New coronavirus variants in India: All you need to know
    New coronavirus variants in India: All you need to know
    Science
  • Yogi Adityanath takes jibe at Samajwadi Party's red cap
    Yogi Adityanath takes jibe at Samajwadi Party's red cap
    Politics
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Spotify Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News Facebook YouTube Hollywood News WhatsApp Netflix Bollywood News ISRO Spotify Yoga
Honda Batman Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota
Fashion Tips Ishant Sharma Farmers Protest Mercedes Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Robert Lewandowski
Marvel Comics Avengers Neha Kakkar Mena Massoud
About Us Privacy Policy Terms & Conditions Contact Us News News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021