Powell and other Fed officials said they expected price increases to quicken this summer
Prices of oils and fats, for example, increased by over 17 per cent and may require policy attention
Annual retail inflation in India slowed to a more than six-year low of 2.10% in June, on the back of easing food prices, data showed on Monday
Economists reckon that the decline in inflation is expected on account of easing prices across various goods categories, especially food items and a favourable base effect
The producer price index fell 3.6 per cent in June from a year earlier, worse than a 3.3 per cent decline in May and the largest drop since July 2023
The cost of both vegetarian and non-vegetarian thalis decreased year-on-year in June, driven by lower vegetable prices, but some input costs, like oil and LPG, saw an increase
CBDT raises Cost Inflation Index to 376 for FY26, offering tax relief on capital gains for assets bought before July 23 2024. New rules reduce indexation scope under Finance Act 2024
Retaining the inflation target would remove some uncertainty about the process and reassure market participants about policy continuity under Governor Sanjay Malhotra
The head of the European Central Bank said inflation has become more unpredictable due to shocks like the COVID-19 pandemic and Russia's invasion of Ukraine and that policymakers need to take the possibility of such extreme scenarios into account and communicate them to the public as well. The world ahead is more uncertain, and that uncertainty is likely to make inflation more volatile, European Central Bank (ECB) President Christine Lagarde said Monday in a speech opening the central bank's annual conference in Sintra, Portugal. It's pretty basic but that's the reality. One reason, she said, was that increasingly regular supply disruptions were leading companies to change their prices more frequently, a habit that goes beyond the recent burst of inflation in the US and Europe and reflects a structural shift in how firms operate under conditions of permanently higher uncertainty. The bank's assessment of the economy needs to rely on taking extreme possible scenarios into account as
FIT model set to be reviewed amid call for excluding food inflation
Nageswaran said good monsoon rains, that irrigate more than half of the country's farmlands, will also bode well for the economy
Retail inflation in rural areas in May stood at 2.59 per cent, while that in urban areas stood at 3.07 per cent
Crisil says core inflation rose due to global volatility, driven largely by gold prices, while headline inflation fell to a 75-month low of 2.8% in May amid easing food prices
The domestic rate setting panel had cut policy repo rate by 50 basis points to5.5 per cent in the June meeting, higher than market expectation of 25 bps
Reserve Bank of India Governor Sanjay Malhotra reiterated that the RBI will continue to watch the incoming data on inflation and growth, and take a call
WPI inflation eased to 0.39 per cent in May, a 14-month low, as prices of food, fuel, and primary articles cooled; core inflation also declined
Israel's attack on Iran Friday has catapulted their long-running conflict into what could become a wider, more dangerous regional war and potentially drive prices higher for both businesses and households. Oil and gold surged and the dollar rose as markets retreated, signalling a flight to investments perceived as more safe. After years of sky-high inflation in the aftermath of the COVID-19 pandemic, Americans have become increasingly leery about the economy this year due to President Donald Trump's sweeping tariffs, though the impact so far has been muted. The latest escalation in the Middle East has the potential to cause widespread price increases that could set consumers back again. Here's a look at some of the sectors that could face an outsized impact from the escalation in the Middle East, and what that might mean for consumers. Energy Oil prices surged Friday to their biggest gain since the onset of Russia's war on Ukraine began more than three years ago. If or when Israe
India's CPI-based retail inflation dropped to 2.82 per cent in May, the lowest since February 2019, led by food price easing and reinforcing the RBI's recent rate cuts
The last base year revision for these key macro-economic indicators undertaken by MoSPI kicked in from January 2015
RBI Governor Sanjay Malhotra says inflation is under control as repo rate is cut to 5.5%, CRR lowered to 3% and policy stance turned neutral to support growth and banking system liquidity