Soaring energy costs helped trigger a recession that's exposed economic frailties. Heightened inequality, meanwhile, is fueling a resurgence of far-right political forces
"It is the Fed's job to bring inflation down to our 2% goal, and we will do so," Powell said in a keynote address to the Jackson Hole Economic Policy Symposium
Building the temple in Ayodhya, removing J&K's special status, and ending the so-called minority appeasement may be Mr PM's pitch to beat the criticism on inflation and unemployment, writes T N Ninan
According to the note, if price pressures around cereal inflation begin to pick up further, then the RBI may be forced to use rate action
FTA with UK expected to be announced soon, says FM Nirmala Sitharaman
Food inflation, which accounts for nearly half of the overall consumer price basket, hit a staggering 11.51% in July as compared with a revised 4.55% in June
This warrants greater vigilance by govt and RBI: Report
Over the past one month, the yields on 10-year government bonds have risen 14.7 basis points to 7.218 per cent in India, while they have touched a 17-year high of 4.35 per cent in the US
Cereals, pulses and milk were other food items to push up the rate of price rise in July, prompting the government to take more measures to tame prices
The consumer price index based retail inflation spiked to a 15-month high of 7.44 per cent in July 2023, with specific food commodities mainly driving the increase
The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed
Centre has also raised the quantum of onion buffer to 500,000 metric tonnes this year, after achieving the initial procurement target of 300,000 metric tonnes
If the monsoon season does not undergo a substantial revival, there could be added pressure on prices, especially if the standing kharif crop begins to deteriorate
The extent of the impact of the spatial distribution of rainfall and erratic weather patterns on rural farm incomes may also have a bearing on sentiment in the near term, said another FMCG maker
The inflation rate is also the lowest among the states, he said amid concerns about rising prices nationwide
The All-India Consumer Price Index Number for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) for July 2023 increased by 19 points each to stand at 1,215 and 1,226 points, respectively
It would be the second straight year of similar adjustments to contain costs for consumers after the government unveiled a $26-billion plan last year
High frequency food price data for August so far (up to 14th) show that prices of cereals and pulses continued to increase in August
Retail inflation rose as of last count as prices of vegetables and cereals skyrocketed, beating all market expectations and putting pressure on the government to bring down prices
Market sentiment is starting to shift as rising commodity prices keep the policymakers from letting their guard down on inflation