[ad_1] India’s retail inflation eased to a three month low of 5.10% in January 2024, showed data from the Ministry of Statistics and Programme Implementation. According to the government data, the Consumer Price Index (CPI) inflation rural stood at 5.34% and the CPI urban was at 4.92%. The combined CPI inflation for January 2024 stood…
[ad_1] NEW DELHI: There is likely to be no impact on loan EMIs outgo as the Reserve Bank of India’ monetary policy committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5%.This is the sixth time in a row that the RBI has kept the repo rate unchanged at 6.5%. The repo…
[ad_1] NEW DELHI: Finance minister Nirmala Sitharaman assured the Rajya Sabha on Tuesday that inflation has been contained within the tolerable band, attributing the achievement to the government‘s efforts, particularly in managing prices of perishable commodities. Responding to questions, Sitharaman emphasized the successful measures taken to curb inflation, focusing on essential goods.Sitharaman informed the house…
[ad_1] LONDON: Global shares edged into the red on Monday and investors, wary of rate hike narratives, braced for US inflation data and a corporate reporting season where robust results are needed to justify high valuations.Geopolitical tensions were also on the radar as disruptions in the Red Sea raised shipping costs in Europe, while the…
[ad_1] NEW DELHI: RBI governor Shaktikanta Das has said that the central bank managed to moderate inflation without compromising on its growth focus. In his new year message to the central bank’s staff, Das said that the RBI has navigated multiple challenges faced by the economy and exhorted the staff to improve the quality and…
[ad_1] LONDON: Italy‘s benchmark bond yield hit its lowest level in 15 months on Thursday as the bond market rally continued despite central bank officials’ best attempts to rein in the exuberance.The Italian 10-year yield, which moves inversely to the price, fell 4 basis points (bps) to 3.566% on Thursday, the lowest since late August…
[ad_1] MUMBAI: The RBI‘s latest State of the Economy report warns that the long-term visibility of the 4% inflation goal does not necessarily imply scope for gradual easing as short-term risks of spikes in food prices need to be considered.The report forecasts robust growth for the Indian economy, supported by lower input costs and increased…
[ad_1] MUMBAI: Broad-based strengthening of economic activity in India will likely be sustained and retail inflation is expected to ease to 4.6 per cent in the first three quarters of 2024-25 from the latest print of 5.6 per cent, according to an article published in RBIbulletin released on Wednesday. The pace of global growth may…
[ad_1] LONDON: Inflation in the UK as measured by the consumer prices index eased back to its lowest level in more than two years, official figures showed Wednesday, in a development that is likely to bolster speculation that the Bank of England may start cutting interest rates sooner than expected.The Office for National Statistics said…
[ad_1] Curry mix spicing up inflation! Spices like jeera, turmeric, chillies, and others are driving up inflation due to reduced crop acreage and pest issues, affecting production. Economists note that spices inflation has consistently been over 22% since July. This surge could contribute about 0.6 percentage points to retail inflation between December and March as…