Rising Gold Prices and Global Tariff Tensions Set to Drive CPI Higher: UBI Report
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📈 CPI May Rise Despite Stable Food Prices A recent report by the Union Bank of India (UBI) forecasts a possible increase in Consumer Price Index (CPI) inflation in the upcoming months. This prediction is based on two primary drivers: Rising global gold prices Ongoing international tariff wars Even if food prices remain stable , the cost of non-food essentials , especially precious metals like gold, is expected to put upward pressure on inflation. 🥦 April 2025 Retail Inflation Hits Six-Year Low According to inflation data released by the Ministry of Statistics and Programme Implementation on May 13, 2025 , India's retail inflation (measured by CPI) for April 2025 dropped to 3.16% , down from 3.34% in March. This marks a six-year low , largely due to price reductions in: Vegetables Pulses and related products Fruits Meat and fish Personal care and effects Cereals and cereal-based products The overall decline in April CPI represents an 18 b...