Latest news with #NationalStatisticsOffice
&w=3840&q=100)
Business Standard
21 hours ago
- Business
- Business Standard
Youth unemployment rises to 15.3% in June, labour participation dips
The unemployment rate among youth (15–29 age group) rose for the second consecutive month to 15.3 per cent in June from 15 per cent in May, even as they showed lesser enthusiasm to work during the month, the latest monthly Periodic Labour Force Survey (PLFS) data released by the National Statistics Office (NSO) on Tuesday showed. The increase in youth unemployment during June was sharper in urban areas—rising to 18.8 per cent from 17.9 per cent in May—than in rural areas, where it edged up to 13.8 per cent from 13.7 per cent. The NSO measures unemployment in Current Weekly Status (CWS) terms, wherein the activity status is determined based on a reference period covering the seven days preceding the date of survey. A person is considered unemployed during the week if they did not work even for one hour on any day of the reference week but sought or were available for work for at least one hour on any day during that week. The labour force participation rate (LFPR) among youth—which measures the share of people either working or looking for work—declined to 41 per cent in June from 42.1 per cent in May. In rural areas, the figure dropped to 41.1 per cent from 42.7 per cent, while in urban areas, it remained unchanged at 40.8 per cent. Meanwhile, for individuals aged 15 years and above, the jobless rate remained unchanged at 5.6 per cent in June. While unemployment in rural areas declined to 4.9 per cent from 5.1 per cent in May, it rose in urban areas to 7.1 per cent from 6.9 per cent. The female unemployment rate declined marginally to 5.6 per cent from 5.8 per cent in May. Male unemployment remained steady at 5.6 per cent. 'The decrease in the unemployment rate for rural areas for both male and female can be attributed to an increase in the share of own-account workers in June 2025 compared to May 2025, along with a reduction in the number of unemployed persons,' said a statement by the labour ministry. The LFPR for people aged 15 years and above stood at 54.2 per cent in June, compared to 54.8 per cent in May. 'The marginal decline in LFPR and WPR in June 2025 was largely influenced by seasonal agricultural patterns, intense summer heat limiting outdoor physical work, and a shift of some unpaid helpers, particularly from higher-income rural households, towards domestic chores,' the statement said. The sampling methodology of PLFS has been revamped by the NSO from January 2025 to enable estimation of key employment and unemployment indicators on a monthly basis for both rural and urban areas using the CWS method at the all-India level. The new methodology also aims to extend the quarterly results of PLFS to rural areas and to estimate key indicators using both the Usual Status (ps+ss) and CWS approaches for rural and urban regions annually. Among the key changes in methodology is the adoption of a rotational panel sampling design. Under this, each selected household is visited four times across four consecutive months—starting with the first-visit schedule in the first month, followed by three re-visits in subsequent months—in both rural and urban areas.
The Print
a day ago
- Business
- The Print
Retail inflation eases to over 6-yr low of 2.1 pc in June on subdued food prices
Year-on-year inflation rate based on CPI for the month of June 2025 over June 2024 is 2.1 per cent, the National Statistics Office (NSO) said in a statement. The Consumer Price Index-based inflation was 2.82 per cent in May and 5.08 per cent in June 2024. Inflation is on a decline since November 2024. New Delhi, Jul 14 (PTI) Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon. 'There is a decline of 72 basis points in headline inflation of June 2025 in comparison to May 2025. It is the lowest year-on-year inflation after January 2019,' it said. The previous low of 1.97 per cent was recorded in January 2019. The NSO said the significant decline in headline inflation and food inflation in June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products, meat and fish, cereals and products, sugar and confectionery, milk and products and spices. The Reserve Bank, which has been tasked to ensure inflation remains at 4 per cent (with a margin of 2 per cent on either side), has cumulatively reduced the key short-term lending rate by 100 basis points since February in the wake of slowing retail inflation. Meanwhile, the wholesale price inflation (WPI) turned negative after a gap of 19 months, declining 0.13 per cent in June as deflation widened in food articles and fuel, along with softening in manufactured product costs. WPI-based inflation was 0.39 per cent in May. It was 3.43 per cent in June last year. 'Negative rate of inflation in June, 2025 is primarily due to decrease in prices of food articles, mineral oils, manufacture of basic metals, crude petroleum & natural gas etc,' the industry ministry said in a statement. As per WPI data, food articles saw a deflation of 3.75 per cent in June, as against a deflation of 1.56 per cent in May, with vegetables seeing a sharp drop. According to the NSO data on CPI, the annual inflation in the food basket during June 2025 over June 2024 was (-) 1.06 per cent. A sharp decline of 205 basis points is observed in food inflation in June 2025 in comparison to May 2025. The food inflation in June was also the lowest after January 2019. The inflation rural was lower than the national average at 1.72 per cent while it was higher in urban areas at 2.56 per cent. The lowest inflation was in Telangana (-0.93 per cent) and the highest in Kerala (6.71 per cent). On all India basis, the annual inflation was negative in vegetables (-19 per cent), 'meat and fish' (-1.62 per cent), 'pulses and products' (-11.76 per cent), and spices (-3.03 per cent). Commenting on the CPI data, Aditi Nayar, Chief Economist, ICRA, said the cooling was entirely led by the food and beverages (F&B) segment, which witnessed a deflation of 0.2 per cent after a gap of 75 months, after printing at 1.5 per cent in the previous month. 'The CPI inflation eased for the eighth consecutive month to a softer-than-expected 2.1 per cent in June 2025 from 2.8 per cent in May 2025, touching the lowest level since January 2019. We are not ruling out the possibility of a final 25 bps rate cut in the August 2025 meeting, carrying forward the front-loading seen in June 2025,' Nayar said. Paras Jasrai, Associate Director at India Ratings and Research, said that notwithstanding the deflationary turn of food items, core inflation increased to 4.4 per cent in June 2025, the highest since September 2023. 'A closer look indicates that it was largely on account of an uptick in inflation of jewellery items. Inflation of gold increased to a 58-month high of 36 per cent (as geopolitical tensions flared up in the Middle-East), the inflation of silver and other ornaments was also at elevated levels of 17.8 per cent and 21.5 per cent, respectively, in June 2025,' Jasrai said. Garima Kapoor, Economist and Executive Vice President, Elara Capital, said the CPI inflation for June cooled to a six-year low led by moderating food prices and aided by a high base. 'We expect full year CPI inflation to remain below RBI's full year estimate of 3.7% and hence do not rule out the possibility of another rate cut post-end of monsoon,' Kapoor said. The NSO collects the price data for CPI from selected 1,114 urban markets and 1,181 villages covering all States/UTs. PTI NKD CS MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
a day ago
- Business
- News18
Stock Market Updates: Sensex Rises Over 150 Points, Nifty Above 25,100; HDFC Bank Top Gainer
Benchmark indices Sensex and Nifty opened on a cautious note today, influenced by a range of global and domestic cues Sensex Today: Benchmark indices Sensex and Nifty are expected to open on a cautious note today, influenced by a range of global and domestic cues. Key factors driving sentiment include India's June retail inflation data, China's second-quarter GDP figures, US inflation numbers, Q1 earnings announcements, US President Donald Trump's renewed tariff threats, trends in institutional investment, primary market activity, and mixed global market signals. India's retail inflation eased more than expected in June, falling to 2.1%, down from 2.82% in May, driven by a favourable base effect and a rare drop in food and beverage prices—the first in over six years. The National Statistics Office (NSO) data showed this was the lowest Consumer Price Index (CPI) reading since January 2019, when inflation stood at 1.97%. In a separate release, the Ministry of Commerce and Industry reported that wholesale inflation, measured by the Wholesale Price Index (WPI), entered negative territory for the first time in 20 months. WPI inflation contracted by 0.13% in June, compared to a 0.39% rise in May, reflecting easing price pressures across categories. Global Cues Asian markets traded higher on Tuesday, buoyed by China's economic data and investor resilience despite uncertainty over US trade policies. Market participants largely shrugged off US President Donald Trump's shifting tariff rhetoric and shifted their focus to key macro data from China. China's economic growth moderated in the second quarter amid sustained trade friction with the US, deflationary trends, and continued weakness in the property market. According to the National Bureau of Statistics, China's GDP grew 5.2% year-on-year in Q2, marginally beating expectations of 5.1%, but slowing from 5.4% in Q1. Retail sales in June rose 4.8% year-on-year, missing projections and slowing from May's 6.4% growth. However, industrial output exceeded expectations, rising 6.8% year-on-year against an estimated 5.7% gain—offering some relief to policymakers looking for signs of industrial recovery. As of the last update, major Asia-Pacific indices were trading in the green. Japan's Nikkei rose 0.4%, while the Topix index advanced 0.3%. South Korea's Kospi gained 0.29%, and Australia's ASX 200 jumped 0.6%, reflecting a positive regional tone ahead of key global earnings announcements. Investors are also keeping a close eye on US inflation data and second-quarter earnings from major Wall Street firms. On Monday, US equities closed slightly higher. The S&P 500 edged up 0.14% to 6,268.56, the Nasdaq Composite gained 0.27% to finish at 20,640.33, while the Dow Jones Industrial Average advanced 0.20%, closing at 44,459.65. Overnight, US stock futures were largely flat. Dow futures slipped 27 points (0.06%), while S&P 500 and Nasdaq 100 futures dipped 0.04% and 0.03%, respectively—suggesting a muted start for Wall Street ahead of crucial data releases. view comments First Published: July 15, 2025, 09:19 IST News business » markets Stock Market Updates: Sensex Rises Over 150 Points, Nifty Above 25,100; HDFC Bank Top Gainer Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hans India
a day ago
- Business
- Hans India
Retail inflation slips to multi-year low of 2.1% in June
New Delhi: Retail inflation slipped to a more than six-year low of 2.1 per cent in June mainly due to subdued prices of food items, including vegetables, pulses, meat, and milk. The Consumer Price Index-based inflation was 2.82 per cent in May and 5.08 per cent in June 2024. Year-on-year inflation rate based on CPI for the month of June, 2025 over June, 2024 is 2.1 per cent, the National Statistics Office (NSO) said in a statement. 'There is a decline of 72 basis points in headline inflation of June 2025 in comparison to May 2025. It is the lowest year-on-year inflation after January 2019,' it said. The previous low of 1.97 per cent was recorded in January 2019. The NSO said the significant decline in headline inflation and food inflation in June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products, meat and fish, cereals and products, sugar and confectionery, milk and products and spices.
Time of India
a day ago
- Business
- Time of India
At 2.1%, retail inflation falls to over 6-year low in June
Representative image NEW DELHI: Retail inflation slumped to a 77-month low in June, led by a sharp moderation in food inflation, prompting some experts to say that a rate cut in the Aug meeting of the Reserve Bank of India 's monetary policy committee may not be ruled out. Data released by the National Statistics Office (NSO) on Monday showed that retail inflation, as measured by the consumer price index ( CPI ), rose by an annual 2.1 per cent in June, slower than the 2.8 per cent recorded in May. There was a decline of 72 basis points in the inflation of June compared to May, marking the lowest year-on-year inflation since January 2019. This is the eighth consecutive month that retail inflation has moderated. Food inflation, as measured by the all-India consumer food price index, fell by 1.1 per cent. There was a sharp decline of 205 basis points in food inflation in June compared to May 2025, and the food inflation in June was the lowest since January 2019, according to the statistics office data. Rural inflation was lower at 1.7 per cent in June compared to urban inflation, which was recorded at 2.6 per cent. Vegetables inflation during June was at -19 per cent, while pulses and products fell by 11.8 per cent. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Food and beverages inflation was at -0.2 per cent during June. "We are not ruling out the possibility of a final 25 basis points rate cut in the Aug 2025 meeting, carrying forward the front-loading seen in June 2025," said Aditi Nayar, chief economist at ratings agency Icra. She added that the agency expects CPI inflation to recede further and bottom out at 1.9 per cent in July 2025, despite an unfavourable base. Separate data released by the commerce and industry ministry showed wholesale price inflation entering the deflation territory at -0.1 per cent in June, led by a deflation in food and fuel. The negative rate of inflation in June is primarily due to a decrease in prices of food articles, mineral oils, manufacture of basic metals, crude petroleum, and natural gas, the ministry said. "Headline deflation was largely driven by deeper deflation in food and fuel WPI. Of the approximately 52 basis points fall in headline WPI year-on-year in June versus May, approximately 33 basis points (64 per cent) was on account of deeper food deflation, with another negative 5 basis points from fuel and power WPI," said a note from Barclays. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
