The week in charts: Inflation, Haldiram’s sale, India Inc promotion outlook
Subscribe to enjoy similar stories. Retail inflation fell to a seven-month low in February on the back of deflation in vegetables but price pinch remained in many items. Meanwhile, employees could be left disappointed on both salary hikes and promotions in FY25 as companies grapple with heightened economic uncertainty.
India's retail inflation eased to a seven-month low of 3.61% in February, driven by a fall in food prices. Vegetables saw 1.07% deflation in February, reflecting the usual seasonal price drop with new crop arrivals. However, consumers may still feel pressure from high inflation in several areas.
A Mint analysis shows that despite the headline inflation easing, over one-fifth of the items still recorded inflation above 6%, with gold among major items recording 35.56% inflation. Interestingly, despite deflation in vegetables, potato and onion recorded double-digit inflation in February. Also read | Inflation: In RBI's control at last? While India and the US negotiate a trade pact amid reciprocal tariffs threats, a 'zero-for-zero' tariff approach is viewed as a better alternative, Mint reported .This involves India eliminating import duties on specific products in exchange for the US doing the same.
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