TaxTMI 
TaxTMI 
Inflation During 2017-18 Averaged to the Lowest in the Last Six Years
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....nflation During 2017-18 Averaged to the Lowest in the Last Six Years <br>Income Tax<br>Dated:- 29-1-2018<br><BR>Press Information Bureau Government of India Ministry of Finance Inflation During 2017-18 Averaged to the Lowest in the Last Six Years Inflation in the country continued to moderate during 2017-18. Consumer Price Index(CPI) based headline inflation averaged 3.3 per cent during the p....
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....eriod which is the lowest in the last six financial years. This has been stated in the Economic Survey 2017-18 placed in Parliament today by the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley . The decline in the inflation was broad-based across major commodity groups except Housing and Fuel & Light. The Headline inflation has been below 4 per cent for twelv....
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....e straight months, from November, 2016 to October, 2017 and CPI food inflation averaged around one per cent during April-December in the current financial year, says the Survey. The Survey observes that the economy has witnessed a gradual transition from a period of high and variable inflation to more stable prices in the last four years. Headline inflation measured by the CPI has remained ....
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....under control for the fourth successive year. In fact the decline in the inflation in the first half of the current fiscal year was indicative of a benign food inflation which ranged between (-) 2.1 to 1.5 per cent. . Survey says "This has been possible due to Good agricultural production coupled with regular price monitoring by the Government." However, the rise in food inflation in recent....
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.... months is mainly due to factors driving prices of vegetables and fruits. In rural areas while food was main driver of CPI inflation during 2016-17, in urban areas housing sector has contributed the most to inflation in the current financial year. If we a look at state-wise inflation during 2017-18, many states have witnessed sharp fall in CPI inflation. Inflation in 17 states wa....
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....s below 4 per cent, during the period. This has been possible due to various efforts made to contain inflation at various level by the Government, says the Survey. ============= Document 1 ECONOMIC SURVEY 2017-18 INFLATION pil CPI Average WPI Average 5.9% 4.9% 4.5% 3.3%* 2.9% 1.2% 1.7% -3.7% 2014- 2015- 2016- 2017- 15 16 17 18 *Apr-Dec 2017 PIB/KBK<BR> News - Press rel....
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....ease - PIB....