(24 Apr 2025, 11:53)

Commodities Buzz: Core inflation in India edges up mainly due to spurt in Gold prices

Prof Ram Singh, Reserve Bank of India Monetary Policy Committee (MPC) member, noted in the latest meeting of the committee that decline in food inflation has been significant in India, driving down the CPI inflation. The headline inflation moderated during January-February 2025 following a sharp correction in food inflation. CPI headline inflation declined from 5.2 per cent in December 2024 to a low of 3.6 per cent in February 2025, with food inflation dropping to a 21-month low of 3.8 per cent. CPI excluding food and fuel inflation inched up to 4.1 per cent in February 2025, mainly on account of increases in gold prices. He noted that looking ahead, inflation levels and volatility are expected to remain within the RBI's comfort band. The outlook for food inflation has turned decisively positive. The uncertainties regarding rabi crops have abated considerably. Furthermore, the fall in crude oil prices and the forecast for stable commodity prices augur well for the inflation outlook.

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Commodities Buzz: Core inflation in India edges up mainly due to spurt in Gold prices