[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. […]