India's Oct retail inflation peaks 12-month record to 6.2%
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
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
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
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.
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
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
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
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
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
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
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
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
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
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
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.