Inflation in India falls to 0%

[SrNair]

Is it? I was just gonna congratulate them...you know with the gori buying tamatar and all

Gori ,a possible twist from Gora because they are females.Isnt it?
On topic :CPI is still healthy.But a rate cut from the RBI will spike up our GDP growth rate.

 

[Arya Desa]

This is inflation of food or inflation in general? If just food, then this is good news, if in general then we are in a bit of a mess.

 

[Screambowl]

let's move to India

 

[Luca1]

Inflation hits a zero, lowest in over 5 years

As per data released by the government on Monday, the food inflation fell to nearly three year low of 0.63 per cent. Food inflation is on decline since May.​

NEW DELHI: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items.

The Wholesale Price Index (WPI) based inflation was at 1.77 per cent in October and 7.52 per cent in November 2013.

As per data released by the government on Monday, the food inflation fell to nearly three year low of 0.63 per cent. Food inflation is on decline since May.

This is probably the first time when WPI inflation has hit exact zero level. The last time WPI was lower than this was (-)0.3 per cent in July 2009.

Onion price contracted 56.28 per cent as compared to a contraction of 59.77 per cent in October. In case of vegetables, the contraction was 28.57 per cent. However, prices of protein rich items of egg, meat and fish rose during November at 4.36 per cent, while inflation in potato stood at 34.10 per cent.

Inflation in manufactured products, like sugar, edible oils, beverages and cement, fell to 2.04 per cent in November as against 2.43 per cent in the previous month. Prices in fuel and power segment contracted by 4.91 per cent, as against 0.43 per cent inflation in October.

The sharp drop in WPI inflation, which fell for the sixth month in a row, came at the back of retail inflation declining to a record low of 4.38 per cent in November.

The decline in both retail and WPI inflation for November coupled with contraction of industrial production to 4.2 per cent in October, will put pressure on RBI to lower interest rates to boost growth.

The Reserve Bank of India has maintained a status quo in interest rate since January. The RBI factors in retail inflation while formulating its monetary policy.

Finance minister Arun Jaitley too on several occasions had nudged the RBI to cut rates. The issue also figured during a debate in the Lok Sabha last week.

RBI governor Raghuram Rajan has emphasised that interest rate cut by itself would not lift the economy. Industry has been demanding easing of interest rates to boost growth, which has slumped to 4.7 per cent in 2013-14. The economy is estimated to grow in the range of 5.4-5.9 per cent this fiscal.

Source:- Inflation hits a zero, lowest in over 5 years - The Times of India
Rajan Winning At Fighting India's Inflation - Forbes

The two white women shopping there remind me of India superpower video, where Indians has lots of white servants. These would be examples of two white female servants serving their Indian masters.

 

[cirr]

Don't tell me India is about to do a Japan of the last 25 years？

 

[IndoUS]

Don't tell me India is about to do a Japan of the last 25 years？

Not really, it will go up eventually when oil prices start to rise again.

 

[OrionHunter]

Zero inflation is bad. Moderate inflation is good. A moderate inflation encourage people to invest or spend and thus keeps the money flowing in an economy

And the bad news is there would be hardly any increase in DA, which at present is 107% of the basic pay!!

 

[nair]

Oil prices are going down like mad, and the effect is on inflation...... Some time as a layman i dont understand this terminology called " Low Inflation", Because i bought groceries and vegetables yesterday and that cost me exactly the same as couple of months back.......

 

[Judge]

wow. Be careful, that low is actually a bad thing, a very, very bad thing, worse than high inflation rates.

Thats WPI.
CPI is the real issue - it will remain at over 6%. The real inflation.

RBI is trying to bring it down to 4% for a year now. Their estimate is that they will achieve this by March 2015.

 

[zip]

Now everybody will hoard money and India's economy will collapse again!

How so ? Hoarding money where ? If you mean in banks then it will come back as a loan with lower inrest ..Govt can print money to devalue it ..your argument is lame

 

[bongbang]

The two white women shopping there remind me of India superpower video, where Indians has lots of white servants. These would be examples of two white female servants serving their Indian masters.

Becoz of low inflation. Whites from western countries started to migrate India. India has to deal with not just Bangladeshi now also these gora gori. India is doomed

 

[vsdave2302]

Now everybody will hoard money and India's economy will collapse again!

Wishful thinking to take consolation against shrinking Chinee economy.

The two white women shopping there remind me of India superpower video, where Indians has lots of white servants. These would be examples of two white female servants serving their Indian masters.

Naturally because you are obsessed by super power India. It is time for you to pest that India 201 Super power link of Dr. Kalam followed by some open defection news.

Oil prices are going down like mad, and the effect is on inflation...... Some time as a layman i dont understand this terminology called " Low Inflation", Because i bought groceries and vegetables yesterday and that cost me exactly the same as couple of months back.......

Simply this mean that You can buy the goods at same price as one yoear ago. What you would have buy in Rs 100 a year ago can be bought at Rs 100 today.

 

[SpArK]

This seems like a temporary trend and may soon reverse.

The kharif (summer-autumn) season has seen a decline in production of most crops, due to a poor south-west monsoon this year. Over and above this, recent data from the ministry of agriculture points out that the total area coverage under rabi (winter) crops has fallen. It stood at 470.74 lakh hectares while last year’s sowing area was at 503.66 lakh hectares.

Another major reason for zero inflation in November is a fall in oil prices. Petrol and diesel prices have fallen by around 10 percent and 3 percent respectively in comparison to November 2013. In fact, the government increased the excise duty on diesel and petrol twice since October, else inflation as measured by the wholesale price index would have been negative for the month of November 2014.

Falling food and fuel prices are good news because they leave more money in the hands of people.

 

[kaykay]

Well zero WPI inflation means CPI inflation will be around 3-4%. Its a good.

 

[Chanakya's_Chant]

The two white women shopping there remind me of India superpower video, where Indians has lots of white servants. These would be examples of two white female servants serving their Indian masters.

Your idiotic comments remind me of the fact that even for an imposter or even a false flagger for that matter - old habits die hard - once a moron forever a moron

Don't tell me India is about to do a Japan of the last 25 years？

Bitch please it's WPI not CPI - anyways doesn't matter for those who crave to troll out of butthurt!