Low Inflation

Asserting that India is a model of high growth and low inflation, Prime Minister Narendra Modi on Saturday said the country's 8.2 per cent growth in the second quarter of this fiscal shows that it is becoming the growth driver of the global economy. He also said India's self-confidence had been shaken by the "mentality of colonialism" but now we are moving ahead of it. Modi said that at a time when the world is full of uncertainties, India is seen in a different league. The changes happening in India are not just about possibilities but are a saga of changing thinking and direction, he said addressing the Hindustan Times Leadership Summit. "We are standing at a juncture where one fourth of the 21st century has passed. The world has seen many ups and downs: financial crisis, global pandemic, technological disruptions, world falling apart, we are seeing wars, these situations in one way or the other are challenging the world," Modi said. The world is full of uncertainties but India

Prices of oils and fats, for example, increased by over 17 per cent and may require policy attention

Flipkart has emerged as the most popular e-commerce platform among most income groups, while Amazon is on par with it in some classes

Inflation in the United Kingdom slowed slightly last month as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain's cost-of-living crisis may be beginning to ease. The consumer price index rose 9.9 per cent in the 12 months through August, the Office for National Statistics said Wednesday. That's down from the 40-year high of 10.1 per cent reported last month and was lower than economists' expectations of 10 per cent. Britain has been hard hit by worldwide price shocks triggered by the war in Ukraine, with consumer prices rising at a faster pace than other major economies over the past year. Lower gasoline costs also slowed US inflation for a second straight month in August, but consumer prices that jumped 8.3 per cent from a year earlier were still painfully high much like in the UK. British Prime Minister Liz Truss last week moved to ease the pain, announcing a cap on household gas and electricity prices to head off an 80 per cent ...

Wholesale Price Index-based (WPI) inflation was 15.18 per cent last month and at a record high of 16.63 per cent in May. It was 11.57 per cent in July 2021

Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists who still warned that surging oil prices will push inflation much higher in future

Central banks have responded like their developed-country peers: by lowering interest rates. They have more room to keep going -- but they also face more obstacles on the way down

Fall in prices in May worrisome for farmers because this may discourage them to grow pulses