Page 3 - Inflation Rise

Time needed to achieve 2% inflation target: NY Fed's John Williams

He further said that uncertainty will continue to define the monetary policy landscape for the foreseeable future

Inflation expected to average 4.5% for current fiscal year: CRISIL

Leading ratings and economic research firm CRISIL is of the view that inflation is expected to average 4.5 per cent for the current financial year. "Assuming a normal monsoon, we expect food inflation to soften, while non-food inflation could see an uptick but is expected to remain soft on the back of benign commodity prices," CRISIL said. The rating firm said that consumer price index (CPI) inflation moderated marginally to 4.75 per cent in May from 4.8 per cent in April 2024. "Non-food categories pulled down the headline inflation, but what is worrying is the relentless inching up of food categories, cereals and pulses", the CRISIL report said. Food inflation had stayed above 8.5 per cent for four months now, and non-food inflation continued to offer some respite, it said. The report maintained that there could be some rebalancing in domestic demand in the current fiscal with rural demand catching up with urban consumption. According to the report, the expectation of an above-n

Rising India food costs likely snapped inflation downturn in May: Report

The Reuters poll of 50 economists conducted June 5-10 predicted consumer price inflation (CPI) is expected to have picked up to 4.89 per cent last month from April's 4.83 per cent.

UK inflation drops less than expected, dashing June rate cut hopes

Consumer prices rose by an annual 2.3 per cent last month, down sharply from a 3.2 per cent increase in March

Inflation seen closer to target in FY26: RBI's state of the economy report

RBI has projected consumer price index (CPI) inflation of 4.5 per cent in FY25, with Q1 at 4.9 per cent; Q2 at 3.8 per cent; Q3 at 4.6 per cent; and Q4 at 4.5 per cent

Dollar trades low ahead of crucial inflation report; yen under pressure

The yuan slid to a two-week low versus the dollar after US President Joe Biden unveiled steep tariff increases on an array of Chinese imports

One kg flour for Rs 800, roti for Rs 25: How bad is inflation in Pakistan?

Inflation in Pakistan is increasing sharply, making it difficult for people to buy basic necessities for their families' meals

Unilever says Lifebuoy and Lux impacted by cost deflation in India

The global consumer major also saw negative price impacts on its fabric cleaning business

Supplier of 'aatank' now struggling to get 'aata': PM Modi on Pakistan

Referring to Pakistan's high inflation rate, Prime Minister Narendra Modi said that the nation which was a supplier of 'aatank' (terrorism) is now struggling to get 'aata' (flour)

RBI's monetary policy committee refuses to drop its guard on inflation

"We should stay the course and remain vigilant', says RBI Governor Shaktikanta Das

UK consumer price inflation slows by less than expected to 3.2% in March

The Bank of England - which has an inflation target of 2% and economists polled by Reuters had forecast an annual rate of 3.1%

Some states saw higher inflation than national average, shows data

Some had higher inflation every month of the year

Inflation could hamper 'soft landing' of global economy despite US growth

Recent data have not been helpful, with inflation stalled well above the US central bank's 2% target for the first quarter of the year

Fed's balancing act could see rate cut in play even with sticky inflation

Others see a slowing economy and weakening job growth on the horizon, pushing the Fed to cut in order to support the labor market

Key emerging market economies see rising inflation trend, shows data

China recorded an inflation figure of 0.7 per cent in February, its first increase after experiencing deflation months

How to beat education inflation and build a large-enough college fund

Beating inflation implies earning higher returns on investment than the economy's inflation rate.

Cong to raise issues of unemployment, inflation, Manipur in Budget Session

The Congress on Wednesday asserted that it would raise the issues of inflation, unemployment and Manipur unrest during the Budget Session of Parliament. The party's strategy for the Budget Session was discussed in a meeting of the Congress parliamentary strategy group chaired by the party's parliamentary party chief Sonia Gandhi. Congress President Mallikarjun Kharge and other party leaders attended the meeting. After the meeting, Congress' deputy leader in Rajya Sabha Pramod Tiwari said, "In the presence of Congress leader Sonia Gandhi and party president Mallikarjun Kharge, a meeting was held." "The President of India's address (at the joint sitting of both the Houses ahead of the Budget Session) is usually about the steps that the government will undertake in future; there was no mention of inflation, unemployment, doubling farmer's income and the Manipur issue. We want these issues to be raised," the Congress leader said. Congress' chief whip in Lok Sabha K Suresh said there w

Sri Lanka's key inflation rises to 6.4% in January on higher sales tax

Food prices rose 3.3% in January from 0.3% in December, the Department of Census and Statistics said in a statement. Prices for non-food items rose 7.9% in January from 5.8% year-on-year in December

FY24 per capita income growth may be lowest in 21 years barring FY20, FY21

This was despite the real gross domestic product (GDP) being projected to grow by 7.3 per cent in the current financial year by the first advance estimates

Higher food prices push WPI inflation to 9-month high in December

This is the second consecutive month that the wholesale inflation rate had remained in the positive territory after it had recorded deflation for seven consecutive months until October 2023