[ad_1] Retail inflation accelerated in September to a five-month high of 7.41% year-on-year, driven by surging food prices, raising fears of further rate hikes when the central bank meets for […]
Tag: inflation
IMF chief economist says central banks’ inflation fight to last into 2024
[ad_1] Central banks’ fight against inflation may take another two years to play out, increasing unemployment and lowering living standards for many in the world, the International Monetary Fund’s chief […]
Bank of England postpones interest rates meeting by a week as UK mourns queen
[ad_1] The Bank of England on Friday said it had decided to postpone a meeting on interest rates due next Thursday by one week following the death of Queen Elizabeth […]
Pakistan inflation hits 47-year high before full impact of flood
[ad_1] Pakistan’s inflation accelerated for a sixth straight month to hit a fresh record in August, with the deadly floods risk jolting prices further. Consumer prices rose 27.26% last month […]
‘Unacceptably, uncomfortably high’: RBI governor on unabating inflation
[ad_1] Amid raging concerns over price rise, Reserve Bank of India (RBI) governor Shaktikanta Das has said that though inflation moderated and plateaued since April, it remains “unacceptably and uncomfortably […]
Britain suddenly sees huge population giving up their pets. Here’s why
[ad_1] Stood on her hind legs to greet any prospective owner who might approach her glass-doored kennel, Harriet is a black English cocker spaniel abandoned as a deepening cost-of-living crisis […]
India to be fastest growing economy in the world this year: Govt source
[ad_1] While inflation continues to be above the comfort zone, the economy has continued on its recovery path, supported by pent-up demand for services and higher industrial output. Rising inflation […]
Dearness allowance for govt staff, pensioners: All you need to know
[ad_1] Prime Minister Narendra Modi-led Union cabinet is due to revise dearness allowance (DA) for the second half of this year. The cabinet is likely to increase DA for all […]
Many nations see new records as inflation bites hard: 10 points
[ad_1] Inflation seems to be biting the world hard and new grim records are being registered as countries grapple with the aftermath of the pandemic, further aggravated by the Ukraine […]
Will India face Sri Lanka, Pakistan-like economic crisis? Raghuram Rajan’s reply
[ad_1] Former Reserve Bank of India (RBI) governor Raghuram Rajan on Saturday said the central bank has done a good job in increasing the foreign exchange reserves and the country […]
At 7.3% consumer price index, Canada may see its highest inflation in 40 years
[ad_1] Canada’s inflation rate has probably hit its highest in nearly 40 years, according to a Bloomberg survey of economists. Canada’s inflation rate has probably hit its highest in nearly […]
Another RBI rate hike on cards, warn experts, as inflation sees no ease: Report
[ad_1] With inflation showing no signs of abatement, the Reserve Bank is likely to increase the benchmark lending rate in quick succession in its forthcoming monetary policy review on Wednesday, […]
India’s GDP growth better than expected
[ad_1] The Indian economy grew at 8.7% in 2021-22 with 4.1% growth in the fourth quarter of the financial year, which is better than private forecasts, according to provisional data […]
In relief for states, Centre hikes its rates for PDS operations
[ad_1] The Centre has revised rates payable to states and Union territories as central assistance for meeting increased costs of operations of the public distribution system, which provides subsidised food […]
FY23 consumer inflation likely to hit 7.5%, shoot past RBI ceiling of 6%: Report
[ad_1] The RBI targets inflation in the 2%-6% band and has forecast it to average at 5.7% in the fiscal year to March 2023. That is below economists’ forecasts for […]
Japan, Europe contrast in approach over inflation as G7 cites new risks amid war
[ad_1] Having long trod a similar path in tackling low inflation, Japan and Europe now appear to be taking contrasting approaches to monetary policy and the risks of rising prices, […]
A Bezos-Biden squabble: Can corporate taxes tame inflation?
[ad_1] Jeff Bezos this weekend became the latest centibillionaire to launch a political fight on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and […]
India curbs wheat export as heatwave hits output, sharp rise in domestic prices
[ad_1] NEW DELHI: India has banned exports of wheat, abruptly reversing its policy to send shipments around the world to plug a global food shortage. The union government issued a […]
Retail inflation rises to 7.8%, highest in 8 years
[ad_1] Retail prices grew at 7.8% in April, the highest since the Narendra Modi-led National Democratic Alliance (NDA) government assumed power in May 2014, squeezing household budgets, potentially affecting consumer […]
Number theory: Four charts that explain India’s inflation scenario
[ad_1] Retail inflation, as measured by the Consumer Price Index (CPI), grew at 7.79% in April , as per data released by the National Statistical Office (NSO) on May 12. […]
Inflation surges to 8-year high, interest rate hike may be on cards
[ad_1] India’s headline inflation galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April on rising food and fuel prices, raising the odds […]
At 7.79%, India’s retail inflation rises to 8-year high in April
[ad_1] NEW DELHI: India’s consumer inflation surged to an eight-year high of 7.79% in April, 2022, breaching the Reserve Bank of India’s (RBI) so-called tolerable limit of 6% for the […]
RBI, govt likely to tighten policies to curb inflation
[ad_1] NEW DELHI: With swelling inflation the biggest worry for the Indian economy at the moment, the Reserve Bank of India (RBI) may further tighten the money supply and the […]
Inflation takes hold in spices; cumin prices reach five-year high
[ad_1] Extreme weather, which scientists link to the climate crisis, has set off shortages of key food items this year. No Indian curry is complete without a flavouring of masala, […]
Number Theory: A challenging phase for India’s inflation targeting framework
[ad_1] On May 4, the Monetary Policy Committee (MPC) of the Reserve Bank of India announced an unscheduled hike in the policy rate and increased the deposits banks need to […]
Australia’s central bank hikes rate for 1st time in 11 years ahead of elections
[ad_1] Australia’s central bank on Tuesday lifted its benchmark interest rate for the first time in more than 11 years. The cash rate rose to 0.35% from 0.1% in a […]
RBI to hike repo rate in June to tackle rising inflation: Report
[ad_1] The Reserve Bank of India will raise its repo rate in June and hike at a faster pace than predicted just a few weeks ago as a surge in […]
IMF urges India to pay attention to food security, says ‘households in pain’
[ad_1] A day after it cut India’s FY22 growth rate projection to 8.2 per cent, the International Monetary Fund (IMF) has drawn attention of Indian households’ pinched pockets. It has […]
Wholesale price-based inflation accelerates to 14.55% in March from previous month’s 13.11%
[ad_1] India’s annual wholesale price-based inflation accelerated to a record 14.55% in March from the previous month’s 13.11%, government data showed on Monday. The inflation indices, Wholesale Price Index (WPI) […]
Cost of living rises in India as companies pass on higher prices to consumers
[ad_1] Indian manufacturers are running out of capacity to absorb rising input costs, with an increasing number passing it along to consumers in an economy already grappling with Asia’s third-fastest […]
Yoga guru Ramdev is asked about fuel price hikes. He gives people some advice
[ad_1] Yoga guru Ramdev said people should work harder to deal with inflation. I also work 18 hours, he said KARNAL: People of the country need to work hard to […]