Inflation

"We have to watch out for monsoon… how it progress because a significant population depends on agriculture," he said

RBI Governor Sanjay Malhotra said inflation risks remain elevated due to West Asia tensions, rising oil prices and the possibility of a weak monsoon, even as supply-side pressures dominate

The income tax department has increased the Cost Inflation Index for the current fiscal for calculating long-term capital gains arising from the sale of immovable property, securities and jewellery. The Cost Inflation Index (CII) is used by taxpayers to calculate gains from the sale of capital assets after adjusting inflation. The Cost Inflation Index for FY 2026-27 is 384, as per a notification of the Central Board of Direct Taxes (CBDT). The CII for fiscal 2025-26 was 376. AMRG Global Managing Partner Rajat Mohan said the annual notification of the Cost Inflation Index reflects the government's commitment to maintaining an objective inflation-adjustment mechanism wherever indexation benefits continue under the new tax framework. It provides taxpayers, valuers and tax professionals with clarity for computing the indexed cost and reduces interpretational disputes, Mohan added. CII or Cost Inflation Index is notified under the Income-tax Act, 1961 every year. It is popularly used

The Cost Inflation Index for FY27 will apply from April 1, 2026, though indexation is now available only in limited cases involving certain land and building sales

A higher index means the inflation-adjusted cost of acquiring an asset will be higher than it was in FY26

Federal Reserve Governor Lisa Cook said inflation risks now outweigh labour market concerns and signalled she is prepared to act if disinflation does not resume soon

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Gold's near-term direction depends on whether June CPI marks the start of a durable disinflation trend or a temporary pullback driven by energy base effects.

US consumer inflation eased more than expected in June as energy prices retreated, though markets still see a possibility of a Federal Reserve rate increase this year

Fuel costs lift food prices; experts don't expect rate hike

After more than two decades in the making, India's Producer Price Index is beginning to reshape industrial output, GDP measurement and the country's broader statistical framework

Fed minutes show some officials considered a rate hike as persistent inflation, energy prices and AI-driven demand kept pressure on the US interest-rate outlook

This would also be the highest inflation reading since India introduced its revised consumer price index series with a new base year and updated consumption basket in January

The IMF has cut India's FY27 growth forecast to 6.4 per cent, saying higher energy prices outweigh resilient economic activity, while raising its FY28 projection

US job growth slowed sharply in June, but the unemployment rate fell to 4.2%, suggesting the labour market remains resilient despite weaker hiring

HUL chairman says higher commodity costs following the West Asia conflict will weigh on Q1, but expects easing ahead and says the company remains well placed to manage short-term volatility

The report said the cessation of the conflict in West Asia had also brightened the growth outlook and reduced external deficit risks

Booming technology stocks are swelling retirement accounts and investment portfolios, leaving consumers feeling richer and more willing to spend on vacations, homes and other big-ticket purchases

Brokerage cites easing oil prices after the US-Iran peace deal, raises India's FY27 growth forecast to 6.5% and lowers headline inflation projection to 4.9%

Today's opinions examine monsoon uncertainty, RBI's NBFC framework, worsening state finances, Donald Trump's economic approach and the future of modern feminism