US witnesses moderate increase in Feb inflation
Mar 30, 2024, at 05:10 am
Washington: The United States witnessed a moderate increase in prices, while the expenses for services excluding housing slowed notably, indicating the possibility of a Federal Reserve interest rate cut in June.
Persistently high food prices hindering drop in inflation to 4%: RBI Bulletin
Mar 20, 2024, at 04:22 am
New Delhi: Food price pressures are hindering a more rapid decline in retail inflation towards the Reserve Bank's target of 4 percent, according to an article in the central bank's March Bulletin.
RBI Bulletin says India's H1FY24 growth momentum to persist in H2
Feb 21, 2024, at 05:50 am
Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.
Wholesale inflation of India eases to 0.27 pc in January
Feb 15, 2024, at 12:39 am
India's wholesale price index (WPI) based inflation eased to 0.27% in January 2024 from 0.73% in the previous month, as per data released by the Ministry of Commerce and Industry showed on Wednesday.
Market experts divided on RBI's choice to maintain key policy rate
Feb 09, 2024, at 06:12 am
New Delhi: As widely anticipated by financial markets and policy observers, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) opted to maintain the policy repo rate at its current level of 6.50 percent during its meeting on Thursday.
India's wholesale inflation rises to 0.73% in December 2023: Govt data
Jan 15, 2024, at 07:38 pm
New Delhi/UNI: India's wholesale price index (WPI) based inflation increased to 0.73% in December 2023 from 0.26% in the previous month, data released by the Ministry of Commerce and Industry showed on Monday.
India retail inflation touches four-month-high of 5.69 percent
Jan 12, 2024, at 11:14 pm
India's retail inflation touched a four-month-high of 5.69 percent in December, official data released on Friday showed.
RBI's MPC Committee airs concern about trends in food inflation
Dec 23, 2023, at 04:29 am
Mumbai: All the six members of Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expressed concern over food inflation, and two external members cautioned against the elevated real interest rates as headline inflation nears its 4 percent target, media reports said, citing the minutes of the meeting.
India’s inflation expected to ease to 4.6% in the first three qtrs of next fiscal: RBI Bulletin
Dec 21, 2023, at 05:06 am
Mumbai: India’s inflation is anticipated to ease to 4.6% during the first three quarters of the fiscal year 2024-25 (FY25), according to the Reserve Bank of India's December 2023 bulletin released on Wednesday.
US November wholesale inflation remains steady, indicating gradual decrease in prices
Dec 14, 2023, at 04:35 am
Washington: The November wholesale inflation in the United States remained steady, indicating a gradual easing of price increases in the economic pipeline, AP reported.
India's retail inflation spikes to 5.55 pc in November: Govt data
Dec 13, 2023, at 12:09 am
Driven primarily by food prices, India's consumer price index (CPI)-based inflation inched up to 5.55% in November 2023 from 4.87% in the previous month.
RBI MPC keeps repo rate unchanged, raises FY24 growth forecast to 7%; Industry reacts
Dec 09, 2023, at 03:37 am
Mumbai: The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 percent for the fifth time in a row on Friday, thus maintaining the status quo.
India's wholesale inflation remains in negative zone in October
Nov 14, 2023, at 09:39 pm
Remaining in the negative zone, India's wholesale inflation dropped to - 0.52% in October 2023, as against - 0.26% in the previous month.
Oct 26, 2023, at 03:25 am
Mumbai: The stock market continued to witness heavy selling on October 25 as the geopolitical crisis in the Middle East showed no signs of easing, a spike in bond yields in the US, and lower than anticipated second-quarter earnings of big business enterprises, Moneycontrol reported.
India's retail inflation drops to 5 pc in Sept, below RBI's upper band
Oct 13, 2023, at 04:07 am
New Delhi: India's retail inflation measured by consumer price index (CPI) eased to 5.02% year-on-year in September 2023 from 6.83% in the previous month on the back of softening food prices, showed the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday.
RBI's Monetary Policy Committee likely to keep repo rate steady at 6.50%: Report
Oct 04, 2023, at 06:33 am
Mumbai: Experts are anticipating that the Monetary Policy Committee (MPC) will keep the repo rate steady at 6.50 percent and sustain a stance of 'Withdrawal of Accommodation' in the forthcoming October monetary policy.
US economy: Consumer spending grows in Aug, underlying inflation eases
Sep 30, 2023, at 03:32 am
Washington: Consumer spending in the U.S. rose in August, although the core inflation rate, excluding food and energy, showed a decrease, falling below 4.0% compared to the previous year, Reuters reported.
India: Retail inflation eases to 6.83 pc in Aug
Sep 13, 2023, at 12:29 am
India's retail inflation measured by consumer price index (CPI) eased to 6.83% in August 2023 from 7.44% in the previous month, according to data released by Ministry of Statistics & Programme Implementation (MoSPI) on Tuesday.
Retail inflation jumps to 7.44 pc in July; crosses RBI's upper tolerance band
Aug 17, 2023, at 05:58 am
New Delhi: India's retail inflation measured by the consumer price index (CPI) shot up to 7.44% year-on-year in July 2023 driven primarily by high food prices.
India: Wholesale inflation remains in negative zone
Aug 14, 2023, at 07:57 pm
New Delhi: India's wholesale inflation continued to be in the negative zone but increased to (-) 1.36% in July 2023 from (-) 4.12% in June, data released by Ministry of Commerce and Industry showed on Monday.
Lower Kharif sowing due to erratic rainfall likely to push inflation up in near term: Report
Aug 01, 2023, at 02:13 am
New Delhi: Lower rainfall in the eastern and northeastern region has resulted in much lower Kharif sowing this year which is expected to translate into higher inflation in the near term, according to an economic report by Bank of Baroda.
After tomatoes, skyrocketing chilli and ginger prices drain consumers' pockets
Jul 07, 2023, at 02:20 am
New Delhi: A cause of heatwaves, heavy rainfall, and disruptions in the supply chain has led to soaring prices of various vegetables across the country, media reports said.
Jun 24, 2023, at 06:16 am
Mumbai: Inflation is impacting personal consumption expenditure and reducing consumer spending, according to the Reserve Bank of India (RBI)'s bulletin for June.
WPI maintains the declining trend; falls to -3.48% in May 2023
Jun 15, 2023, at 05:13 am
New Delhi: The provisional Wholesale Price Index (WPI) for May 2023 shows an annual inflation rate of (-) 3.48% compared to (-) 0.92% in April 2023, data released by the Commerce and Industry Ministry showed on Wednesday.
India's CPI inflation eases to 4.25 pct in May, lowest figure in 25 months
Jun 12, 2023, at 11:41 pm
India's retail inflation in May stood at a 25-month low point of 4.25 per cent, as per data released by the Indian government on Monday.
RBI keeps repo rate unchanged: Here’s what the banking and finance industry has to say
Jun 09, 2023, at 07:46 am
Mumbai: As expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), after three days of deliberation, on Thursday kept the repo rate unchanged at 6.5%.
India's wholesale inflation slips into negative territory in April
May 15, 2023, at 07:02 pm
New Delhi/UNI: India's Wholesale Price Index (WPI) based inflation fell into the negative zone in April 2023.
US Federal Reserve hikes policy rate by 25 bps
Mar 23, 2023, at 05:45 am
The United States Federal Reserve has increased the policy rate by 25 basis points, resulting in a new range of 4.75% to 5%.
India's wholesale inflation dips to 3.85 pc in February
Mar 14, 2023, at 10:17 pm
New Delhi: India's wholesale inflation dipped to 3.85 percent in the month of February against 4.73 percent recorded in January, official data released on Tuesday revealed.
India's retail inflation drops marginally to 6.4 pct in February
Mar 14, 2023, at 12:07 am
New Delhi: India's annual retail inflation rate eased marginally to touch 6.44 per cent in February from 6.52 per cent in January, as per data released by the Indian government on Monday.