Financial markets slide amid fears of global recession
Jun 19, 2022, at 08:09 am
Stock market indexes across the world have gone through massive ups and downs since Russia declared war on Ukraine. But Friday, the stocks across the world suffered the biggest fall as the investors feared tighter monetary policy by the inflation-fighting central banks across the world could impair economic growth.
US Federal Reserve raises target interest rate by 75 bps, highest since 1994
Jun 16, 2022, at 07:23 am
Wahington: America's central bank Federal Reserve Wednesday increased its target interest rate by three-quarters of a percentage point, and signaled more hikes in the coming months to stem the biting inflation.
Jun 14, 2022, at 05:50 am
Mumbai: After rising to a 95-month (almost 8 years) high to 7.79 percent in Apr’22, CPI inflation moderated to 7.04% in May’22 due to broad-based deceleration. Core CPI also moderated in May to 6.09% as compared to 6.97% in Apr’22, State Bank of India’s Economic Research Department said Monday.
Fed on way to bigger action as inflation soars in US
Jun 14, 2022, at 03:42 am
Washington: Amid soaring inflation, the US Federal Reserve is likely to hike key policy rates to help mitigate price increases that are showing no signs of cooling, media reports said.
Jun 09, 2022, at 04:49 am
Mumbai: As widely expected, RBI’s Monetary Policy Committee unanimously decided to increase the policy Repo rate by 50 bps to 4.90% while also remaining focused on ‘withdrawal of accommodation’ to ensure that inflation remains within the target going forward, all the while supporting growth. RBI has retained its real GDP growth forecast for FY23 at 7.2% with risks broadly balanced.
Bank of Canada likely to raise interest rates to battle rising inflation
Jun 01, 2022, at 06:28 pm
Ottawa: Experts believe that Bank of Canada might announce another interest rate hike as it is trying to rein in runaway inflation.
At least 59 pc of inflation increase due to war impact: SBI report
May 17, 2022, at 04:57 am
At least 59 percent of the increase in inflation is because of geopolitical conflict. Against the continued increase in inflation, it is now almost certain that RBI will raise rates in the forthcoming June and August policy and will take it to the pre-pandemic level of 5.15 percent by August.
Global supplies and logistical bottlenecks have impacted prices in India: Rajnath Singh
May 15, 2022, at 04:09 am
Lucknow/UNI: Defence Minister Rajnath Singh on Saturday said that Russia-Ukraine conflict has affected the global supplies and has created a logistical bottleneck which has impacted the prices of commodities and as a result core inflation has increased slightly .
SBI likely to raise $2 billion via dollar bonds
May 05, 2022, at 07:34 am
Mumbai: India's largest sector lender SBI Wednesday said it is holding a meeting on May 10 to discuss raising up to $2 billion via US-dollar-denominated bonds.
Inflation, volatility in energy markets dampening growth momentum, says FM Sitharaman in G20 meeting
Apr 21, 2022, at 04:24 pm
New Delhi/Washington/UNI: Participating in the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington on Thursday, Finance Minister Nirmala Sitharaman said that the global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty.
Apr 15, 2022, at 05:29 am
New Delhi: CPI inflation surged to 6.95% on yearly basis in Mar’22 as compared to 6.07% in Feb’22 mainly on account of food price inflation.
CPI inflation moves up to touch 17-month high figure of 6.95 pct in March
Apr 13, 2022, at 12:01 am
New Delhi: India's retail inflation jumped to a 17-month high figure of 6.95 percent in March from 6.07 percent in February, as per government data released on Tuesday.
Experts laud RBI's move to address inflationary pressures while balancing growth
Apr 08, 2022, at 11:32 pm
Mumbai: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.
RBI's focus shifts to inflation from economic growth amid geopolitical crisis
Apr 08, 2022, at 09:14 pm
Mumbai: Taking note of the risks due to rising inflation amid global geopolitical incidents, after a period of two years, the RBI is prioritizing inflation over economic growth.
World food prices jumped 20.7 pc y-o-y in Feb as price of vegetable oils, dairy products rise
Mar 07, 2022, at 06:57 am
World food prices jumped to a record high in February, owing to an increase in vegetable oils and dairy products, to record a 20.7 percent increase year-on-year.
Retail inflation touches 6.01 pct in January highest in six months
Feb 15, 2022, at 12:04 am
New Delhi: India's retail inflation spiked to 6.01 per cent in January, the highest figure in six months, as per data released by the Indian government on Monday.
India's CPI touches 5.59 pct in December
Jan 12, 2022, at 11:35 pm
New Delhi: India's Consumer Price Index inflation touched 5.59 percent in December, as per data released by the Indian government on Wednesday.
Pakistan's inflation rate hits 12.3 pc
Jan 02, 2022, at 07:52 pm
Islamabad/UNI: The inflation in Pakistan increased in December by 12.3 per cent, highest in nearly two years, according to media report on Sunday.
Retail inflation rises to 4.91 pc amid rising food prices
Dec 15, 2021, at 05:04 am
New Delhi/IBNS: The retail inflation based on Consumer Price Index (Combined) rose to a three-month high of 4.91 percent in November spurred by rising food prices.
WPI touches 14.23 pct in November
Dec 14, 2021, at 09:10 pm
New Delhi: The Wholesale Price in India touched a more than a decade high of 14.23 per cent in November, official data released on Tuesday said.
India's WPI inflation spikes to 12.54 percent in October
Nov 15, 2021, at 09:45 pm
New Delhi: India's Wholesale Price Index (WPI) spiked to 12.54 percent in October, as per government released data on Monday.
India's inflation touches all-time high of 12.94 percent
Jun 14, 2021, at 09:09 pm
Mumbai: India's wholesale price index (WPI) based inflation in May hit an all-time high of 12.94 percent, revealed data released by the government on Monday.
Soaring food prices, conflicts driving hunger, rise across West and Central Africa: WFP
Apr 18, 2021, at 02:48 am
New York: More than 31 million people across West and Central Africa may not have enough to eat in the coming months as hunger rises due to an “explosive mix” of skyrocketing food prices, conflict and fallout from the COVID-19 pandemic, the World Food Programme (WFP) said on Friday.
Economic Survey says overall inflation is expected to moderate
Jan 29, 2021, at 11:19 pm
New York: The Economic Survey 2020-21 says that going forward, as food inflation eases further, overall inflation is expected to moderate.
Wholesale inflation rate moves up to 0.16 percent in August
Sep 14, 2020, at 10:50 pm
New Delhi: The Wholesale Price Index for the month of August moved up by 0.16 percent in August as compared to 1.17 percent in the corresponding month of the previous year, government released data revealed on Monday.
RBI cuts repo rate from 4 pct to 3.75 pct
Apr 17, 2020, at 10:38 am
New Delhi/IBNS: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced reducing the reverse repo rate from 4 percent to 3.75 percent.
India's WPI inflation moves up to touch 2.59 percent in Dec from 0.58 percent in November
Jan 14, 2020, at 05:27 pm
New Delhi/UNI: The annual rate of inflation, based on monthly Wholesale Price Index, stood at 2.59 per cent for December 2019 over the same month last year as compared to 0.58 per cent for the previous month, according to data released by the Commerce and Industry Ministry on Tuesday.
WPI inflation at nearly two-year low at 2.45 percent in May
Jun 14, 2019, at 04:12 pm
New Delhi, June 14 (IBNS): In a major development, the wholesale inflation touched a 22-month low figure of 2.45 per cent in May, official data released on Friday said.
Indian retail inflation up by 2.86 pc in March 2019
Apr 12, 2019, at 06:18 pm
New Delhi, Apr 12 (UNI) India’s retail inflation grew to 2.86 per cent in March this year owing to marginal rise in prices of fuel products and food items, the Government announced on Friday.
Retail inflation grows to 2.57 pc in February 2019
Mar 12, 2019, at 06:46 pm
New Delhi, Mar 12 (UNI) Consumer inflation rose to 2.57 per cent in February 2019 due to marginal change in fuel and light and housing sector, the Government announced on Tuesday.