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
The RBI decision aligned with market expectations as market experts welcomed the move, calling it in line and a constructive backdrop for the markets
RBI set to lower inflation projection, but GDP growth estimate and policy stance may remain unchanged
The personal consumption expenditures (PCE) price index rose 0.3 per cent last month after an upwardly revised 0.2 per cent gain in May, the Commerce Department's Bureau of Economic Analysis said
There is more room for monetary policy easing, says Finance Ministry
It can be noted that the RBI has cut its key rates by 1 percentage point this year, and official data pointing to headline inflation cooling to 2.1 per cent
RBI's report on the transition to flexible inflation targeting highlights its role in managing inflation expectations, despite supply shocks and global inflation factors
Powell and other Fed officials said they expected price increases to quicken this summer
Prices of oils and fats, for example, increased by over 17 per cent and may require policy attention
Annual retail inflation in India slowed to a more than six-year low of 2.10% in June, on the back of easing food prices, data showed on Monday
Economists reckon that the decline in inflation is expected on account of easing prices across various goods categories, especially food items and a favourable base effect
The producer price index fell 3.6 per cent in June from a year earlier, worse than a 3.3 per cent decline in May and the largest drop since July 2023