With fiscal pressures rising worldwide and monetary independence under strain, the anchor must remain
Weak consumer demand has weighed on China's economic growth as the property market downturn persists and US tariffs squeeze exports
Consumer inflation, as measured by the annual change in the Consumer Price Index (CPI), rose to 2.10 per cent in August from 1.55 per cent in July
A rate cut will also depend on how the central bank assesses growth, post the 50 per cent tariff imposed by the US, with the additional 25 per cent came into effect from late August
Above-normal monsoon this year has seen surge in kharif planting, driving up fertiliser demand, but heavy rains in northern states have also ruined standing crops, while floods have killed hundreds
Economists say the effect of a low deflator and low base is likely to boost expansion
The new CPI series will be released by Mospi in the first quarter of 2026, with 2024 as the base year. Currently, the base year is 2012
The move could make India's retail inflation data more robust by accounting for prices on online platforms as their share in household spending rises
Today's Opinion Page looks at the RBI's recent discussion paper on inflation targeting, OpenAI's plans for India, the role of institutions in growth, and the recent GST rate cuts boost to growth
Powell's high-stakes balancing act will be on full display on Friday when he makes his final address as Fed chair to the world's leading economic policymakers
The Food Index increased by 1.94 points for Agricultural Labourers (AL) and 2.16 points for Rural Labourers (RL) in July 2025
Shifting the base year for two critical inflation indices is important as they determine minimum wages for agriculture and rural workers, and could also affect payments under the MGNREGA jobs programm
China reported data showing its economy was feeling pressure from higher US tariffs in July, while property investments fell further
While the monsoon has been fairly normal so far, rain-induced supply disruptions and damage to standing crops in areas adjoining major cities has already started pushing up vegetable prices
The consumer price index rose 0.2 per cent last month after gaining 0.3 per cent in June, the Labor Department's Bureau of Labor Statistics said on Tuesday
The core consumer price index, regarded as a measure of underlying inflation because it strips out volatile food and energy costs, rose 0.3 per cent in July
The RBI left rates unchanged at 5.50%, as expected, on Wednesday and said the inflation outlook was 'more benign'
The central bank also cut the inflation outlook for the current financial year by 60 basis points (bps) to 3.1 per cent which is significantly below its mandated target of 4 per cent
The MPC also reduced its inflation projection for this financial year from 3.7 per cent to 3.1 per cent, which is significantly lower than the target of 4 per cent
With the rise in inflation from the fourth quarter, possibility of another rate cut uncertain, unless growth plays spoilsport