Inflation for farm, rural workers dips in November; CPI indices rise slightly
Dec 23, 2024, at 11:59 pm
New Delhi: Retail inflation for agricultural and rural workers eased in November, with rates declining to 5.35% for agricultural labourers and 5.47% for rural labourers, compared to 5.96% and 6% in October, respectively.
India’s per capita fruits and vegetables availability rises, but challenges persist: SBI report
Dec 15, 2024, at 12:06 am
New Delhi: Per capita availability of fruits and vegetables in India has increased by 7 kg and 12 kg, respectively, over the past decade, according to a State Bank of India (SBI) report.
India's retail inflation eases to 5.48% in November
Dec 12, 2024, at 08:32 pm
New Delhi: India's retail inflation moderated to 5.48% in November, retreating from October's breach of the Reserve Bank of India's (RBI) upper tolerance limit of 6%.
Indian govt tightens wheat stock holding limits to curb rising prices
Dec 12, 2024, at 12:45 am
New Delhi: The Indian government on Wednesday further tightened stock-holding limits on wheat for traders and processors, aiming to curb hoarding and control rising prices.
RBI to announce key interest rate decision tomorrow morning as 3-day MPC ends
Dec 06, 2024, at 04:37 am
Mumbai: The Reserve Bank of India (RBI) is set to announce its interest rate decision on Friday morning following the conclusion of a three-day meeting of the Monetary Policy Committee (MPC), amid persistent inflation and sluggish GDP growth.
RBI's MPC meeting begins amid inflation worries
Dec 04, 2024, at 10:59 pm
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day meeting in Mumbai today to review the country's policy rate.
India's Oct retail inflation peaks 12-month record to 6.2%
Nov 13, 2024, at 12:54 am
New Delhi: India’s retail inflation reached a 14-month peak of 6.2% in October, up from 5.5% in September, driven primarily by escalating food inflation due to rising vegetable prices.
October inflation rate likely to exceed September’s 5.5%: RBI Governor
Nov 07, 2024, at 02:31 am
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das cautioned that October's inflation rate is expected to exceed the 5.5% recorded in September.
India's retail inflation climbs to 5.49%, highest in CY24; WPI inflation also rises
Oct 15, 2024, at 08:34 pm
New Delhi/IBNS: Retail inflation in India surged to a nine-month high in September, driven by rising food prices and the diminishing impact of a favourable base effect.
India's wholesale inflation drops for second consecutive month to 1.31% in August
Sep 18, 2024, at 07:17 pm
New Delhi/IBNS: Wholesale inflation in India declined for the second consecutive month, reaching 1.31 percent in August, driven by lower prices for vegetables, food, and fuel, according to government data released on Tuesday.
Sep 13, 2024, at 07:44 pm
Singapore/IBNS: Even as consumer price index (CPI) inflation has softened to the 2-6 percent tolerance band, there is still a ‘distance to cover’, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday (Sept. 13), signaling the central bank is in no hurry to cut interest rates despite the inflation dip in the world’s fastest-growing major economy.
August retail inflation at 3.65%, below RBI's 4% target
Sep 13, 2024, at 04:03 am
New Delhi: India’s retail inflation rose to 3.65% on an annual basis, up from a five-year low of 3.54%, according to government data released on Thursday.
Weak US jobs report paves the way for Federal Reserve interest rate cuts
Sep 08, 2024, at 07:08 am
Washington: U.S. employers slightly increased hiring in August compared to July's sluggish rate, while the unemployment rate fell for the first time since March, suggesting the job market is slowing down but still holding strong, news agency AP reported.
Euro zone consumers' inflation expectations hold steady, shows ECB survey
Aug 24, 2024, at 08:25 pm
Berlin/IBNS: The European Central Bank (ECB) survey showed on Friday that euro zone consumers' inflation expectations over the next 12 months remained steady for the third month in a row in July, reports Reuters.
India's private sector activity slips slightly in August, shows HSBC Flash PMI
Aug 22, 2024, at 06:18 pm
Mumbai/IBNS: India's private sector activity slipped to a three-month low of 60.5 in August from 60.7 a month back, according to preliminary data released on Thursday (August 22).
Tariff hikes by telcom companies likely to fuel FY25 inflation by 10-15 bps: Report
Aug 20, 2024, at 09:09 pm
New Delhi/IBNS: The recent 10-27 percent tariff hike announced by telecom companies is paving the way for a 10-15-basis-point rise in inflation from earlier estimates, Moneycontrol reported on Tuesday (August 20) citing experts.
WPI inflation eases to a 3-month low of 2.04% in July amid falling food prices
Aug 14, 2024, at 10:01 pm
New Delhi: India's wholesale inflation, measured by the Wholesale Price Index (WPI), dropped to a three-month low of 2.04% in July, down from a 16-month high of 3.36% in June, largely due to a significant decrease in food prices.
India's retail inflation declines to near 5-year-low of 3.5% in July
Aug 13, 2024, at 06:34 pm
New Delhi/IBNS: India’s inflation fell to a 59-month low of 3.5 percent in July 2024 compared with 5.1 percent in the previous quarter, as a favourbale base helped contain pressures, according to data released on Monday (August 12).
U.S. inflation eases in May, consumer spending shows moderate growth
Jun 29, 2024, at 04:21 am
Washington DC: U.S. prices remained steady in May, while consumer spending saw a moderate increase, a trend that might prompt the Federal Reserve to consider cutting interest rates this year, reported Reuters.
All-India Consumer Price Index for Agricultural Labourers at 7% in May
Jun 21, 2024, at 11:40 pm
New Delhi: The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) saw an increase of 6 points each in May 2024, reaching 1269 and 1281, respectively.
Food inflation biggest challenge in disinflationary process: RBI Guv Shaktikanta Das
Jun 19, 2024, at 02:41 am
Mumbai: Despite the central bank's efforts to reduce India's retail inflation to its 4 percent target, the final stages of the disinflationary process are challenging due to persistently high food prices, Reserve Bank of India Governor Shaktikanta Das stated at an event on Tuesday.
Alignment with 4% inflation target may occur in latter part of the year: RBI report
May 22, 2024, at 04:32 am
Mumbai: The Reserve Bank of India's (RBI) latest monthly bulletin, released on Thursday, indicates that achieving a sustained alignment of inflation with the 4 percent target may occur in the latter half of the year.
US inflation eases, grows by 0.3% in April, core CPI also cools
May 16, 2024, at 04:55 am
Washington: US inflation showed signs of easing as the growth was less than anticipated, indicating a continuation of its downward trajectory at the beginning of the second quarter.
India's retail inflation eases to 11-month low of 4.83% in April
May 14, 2024, at 05:39 pm
Mumbai/IBNS: India's retail inflation slightly eased to an 11-month low of 4.83 percent in April, compared to 4.85 percent recorded in the previous month, as prices of some kitchen items dropped though overall food basket firmed up marginally, according to a government data released on Monday (May 13).
US Fed keeps key interest rates steady at 5.25 - 5.50% for sixth straight meet
May 02, 2024, at 08:30 am
Washington: The US Federal Reserve maintained interest rates at 5.25 percent - 5.50 percent on Wednesday for the sixth consecutive meeting, aligning with market expectations.
How global dynamics are fuelling gold price surges in India
Apr 24, 2024, at 08:44 am
New Delhi: Gold holds a special place among household assets in India as it has proven its value over time, offering significantly favourable returns in comparison to alternative asset categories.
IMF raises India's FY25 GDP growth forecast by 30 bps to 6.8%
Apr 17, 2024, at 04:54 am
New Delhi: The International Monetary Fund (IMF) increased its forecast for India's GDP growth in 2024-25 by 30 basis points to 6.8%, it said in an update to the World Economic Outlook (WEO).
Pakistan's economic outlook uncertain amid political instability: ADB report
Apr 13, 2024, at 08:33 am
Islamabad: The Asian Development Bank (ADB) on Thursday said that Pakistan's economic outlook is uncertain, with significant downside risks due to current political instability, media reported.
India's March retail inflation drops to 4.85%, lowest in 10 months
Apr 13, 2024, at 02:56 am
New Delhi: India's primary retail inflation rate dropped to its lowest point in ten months at 4.85 percent in March, according to data released by the Ministry of Statistics and Programme Implementation on Friday.
Global food prices grow first time in 7 months
Apr 06, 2024, at 06:10 am
Global food prices experienced a surge in March, marking the first increase since July, driven mainly by the rise in cooking oil prices, even as the costs of grains continued to decrease, stated the UN's Food and Agricultural Organization on Friday.