The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month
Our government need not merely wait for the global commodity prices to drop but take active measures to supplement the actions of the monetary authorities
Given the tone of urgency in RBI's statement to support the altered inflation-growth dynamics, "we now revise our call and expect the RBI to hike repo rate by an additional 60 bps in the rest of FY23"
"Since the beginning of 2022, the year-on-year rate of change of the CPI has shown a significant acceleration," the INE was quoted by Xinhua news agency as saying
This increase was driven by the monthly increases in both food and non-food categories, according to the central bank on Friday
The comparative numbers spell bad news for the world rather than any good news for India, whose growth forecasts are getting tempered even as the inflation picture is getting worse, writes T N Ninan
Price rise in fuels will only reflect in April numbers
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
Moderate your return expectations after the 18-month bull run
While February was once forecast as the peak for US inflation, now readings are set to increase to above 8 per cent, according to some economists
The foreign ministers of Russia and Ukraine met on Thursday in Turkey, the highest level contact between the two countries since the war began on February 24
Notably, high commodities cost especially of transport fuel prices triggered a wider inflationary trend in January 2022
While many analysts forecast Japan's consumer inflation will accelerate in coming months, price rises are still seen modest compared to those in other economies such as the United States
'Consumer inflation will pick up from next month onward on higher food and energy prices,' said Taro Saito, executive research fellow at NLI Research Institute
The producer price index (PPI) increased 9.1% from a year ago, the National Bureau of Statistics (NBS) said in a statement on Wednesday, slower than the 9.5% growth tipped by a Reuters poll
The world's second-biggest economy faces multiple headwinds, weighed down by persistent weakness in the property sector and strict anti-coronavirus measures
The Reserve Bank's inflation projections, Das said, are "robust" but contingent on downside and upside risks associated with the movement of global crude oil prices
CPI rose 0.6% last month from December, the Labor Department said, while in the 12 months through January, the CPI jumped 7.5%, the biggest year-on-year increase since February 1982
The All-India Consumer Price Index Numbers for agricultural and rural labourers for the month of December 2021 increased by 5 points each to stand at 1097 and 1106 points respectively.
While the steps have had the desired impact to some extent, experts have criticised them for burdening farmers and going against the concepts of open markets and 'atmanirbharta'