Inflation Current Affairs - 2020

India’s Retail inflation dips marginally from 6.73% of July to 6.69% in August: Important facts

The data released by the government showed a slight downfall of CPI-based Retail inflation in India from 6.73% of July to 6.69% in August. Food inflation in August also degraded marginally to 9.05% from the previous 9.62%. What is retail inflation? Retail inflation is the increase in the price of goods which is sold at Read More…

Facts Box: Consumer Confidence Survey

The Reserve Bank of India recently released its report of Consumer Confidence Survey. According to the survey, consumer confidence has dropped to a record low. Highlights The current index dropped to 53.8 in July, 2020 from 63.7 in May. The survey was conducted through telephonic interviews in thirteen major cities. Key findings of the survey Read More…

Iran: New Currency introduced to tackle Inflation

The Iran Government has recently come up with the decision of changing the name of the its currency to toman. The unit of Iranian currency if Rial. According to the Iranian Government, one Toman is 10,000 rials. Highlights Gheran is another new denomination. 100 Gheran makes a Toman. The new system was authorized by the Read More…

COVID-19: Hike in Dearness Allowance for the year 2021 put on hold

The Government of India on April 23, 2020, put on hold to the hike in dearness allowance. This is being done by the union government to save Rs 1 lakh crore. Highlights The hold in the hike of dearness allowance applies only to central government employees and pensioners. Currently, the central government employees are receiving Read More…

RBI: CPI Inflation to ease from 4.8% to 4.4% in Q2

On April 9, 2020, the Reserve Bank of India projected that the consumer Price Index is to ease from 4.8% in Q1 to 4.4% in Q2 of the financial year 2020-21. Highlights The estimated easing of CPI implies that the aggregate demand will weaken further. RBI had reduced repo rate and cash reserve ratios during Read More…