Page 9 - Cpi

At 10.1%, Britain's inflation hits 40-year high as food prices soar

Britain's rate of inflation has surged to a new 40-year high as the Consumer Prices Index (CPI) rose to 10.1 per cent on Wednesday, with increasing food costs the biggest driver of the latest hike. According to the Office for National Statistics (ONS), annual inflation for essential food items is now running at 12.7 per cent, up from 9.8 per cent in June, fuelled largely by price rises for basics such as bread, milk, cheese and eggs. The latest figures come amid soaring energy bills and a mounting cost-of-living crisis across the country. "A wide range of price rises drove inflation up again this month, said ONS chief economist Grant Fitzner. "Food prices rose notably, particularly bakery products, dairy, meat and vegetables, which was also reflected in higher takeaway prices. Price rises in other staple items, such as pet food, toilet rolls, toothbrushes and deodorants also pushed up inflation in July, he said. "Driven by higher demand, the price for package holidays rose, after

CPI numbers for March 2023 could be even lower than 5%: SBI Ecowrap

The inflation trajectory for India is expected to be benign and CPI numbers for March 2023 could be even lower than 5 per cent, due to signs of softening crude oil prices

Gold subdued on hawkish policy remarks by Fed after US inflation data

Spot gold fell 0.3% to $1,786.71 per ounce by 0852 GMT, after hitting its highest since July 5 at $1,807.79 on Wednesday.

Why using CPI for REER calculation has been self-destructive for India

Given its stage and uncompetitive infrastructure, India's approach has been largely naïve or self-destructive

Worst of inflation may be behind us, RBI staff say in July 2022 Bulletin

According to the July Bulletin article, the current level of reserves were equivalent to 9.5 months of imports projected for 2022-23

Nitish didn't even respond to my messages during poll campaign: Yashwant

Sinha was in Patna during his presidential election campaign and all the opposition parties including the RJD, Congress, the CPI, the CPI-M, and the CPI-ML unanimously expressed their support.

Rupee falls to new low vs US dollar with 100-bp Fed rate hike on cards

Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday

US inflation impact: Global recession fears to cool WPI inflation in India

Impact on CPI inflation to come later, rupee depreciation to negate some of this impact

CPI MP writes to Scindia, raises concern over safety conditions of airlines

CPI MP Binoy Viswam has written to Civil Aviation Minister Jyotiraditya Scindia raising concern over the "woeful and dire" safety conditions of airlines following a slew of incidents reported

What is CPI-based inflation?

The government and RBI are also circumspect as soaring inflation is hitting the common man hard. But what is CPI-based inflation and how is it calculated? Let us understand

Indices end at 9-wk lows ahead of CPI inflation data; Sensex drops 1,158pts

CLOSING BELL :: The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels

Anti-encroachment drive: Bulldozers to roll in Delhi's Rohini at Katju Marg

A day ago, more than a dozen Left-wing organisations took out a citizens' march to the Delhi Lieutenant Governor Anil Baijal's residence

Indian inflation likely accelerated to an 18-month high in April: Report

Food inflation, which accounts for nearly half the consumer price index (CPI) basket, reached a multi-month high in March

CPI to intensify protest against TN Governor over NEET exemption

Alagiri said Congress will protest outside the Raj Bhavan on April 28 demanding that the Governor send the NEET exemption bill passed by the state legislative assembly to the President for his assent

Sensex falls 388 pts, Nifty holds 17,500; private banks shine, metals crack

CLOSING BELL: Axis Bank, Kotak Bank, Maruti Suzuki, Power Grid, SBI Life, and ICICI Bank were the top winners on the benchmark indices, rising upwards of 0.5 per cent each

US yields jump to three-year highs, stocks slide on CPI outlook

Technology shares, which have been underpinned by record low interest rates, fell 2% in Europe and 2.6% on Wall Street.

Kerala: CPI(M) and CPI to share Rajya Sabha seats falling vacant next month

The CPI later announced former national general secretary of the All India Youth Federation (AIYF), P Santhosh Kumar, as the party's candidate for one seat

Sensex soars 936 pts, Nifty tops 16,850; HDFC Bank rises 3%, Paytm dips 12%

CLOSING BELL: Shares of One97 Communications, the parent company of digital payments major Paytm, tanked 14.5 per cent to hit a new low of Rs 662 on the BSE in Monday's intra-day trade

CPI leader Binoy Viswam urges FM to reconsider EPFO rate slash

In a letter he wrote to the minister, Viswam accused the BJP-led government of showing its true colours just after the party secured electoral victories in four states

CPI's Raja writes to PM, requests roll back of decision to privatise NALCO

CPI general secretary D Raja has written to Prime Minister Narendra Modi requesting him to roll back the government's decision to privatise aluminium major NALCO.