Vegetable inflation is high but that of spices is higher, retail inflation data shows. According to experts, pest attacks and decreased production are the main causes of rising spice inflation. The planting of spice seeds is hoped to benefit from a delayed monsoon. Vegetable retail inflation in August reached 13.23%, while spice retail inflation hit…
Gold prices moved little on Tuesday, but they managed to hold onto recent gains as investors looked for additional evidence that U.S. inflation was declining from recent peaks.While gold futures declined 0.2% to $1,736.35 per ounce, spot gold increased by over 0.1% to $1,725.70. As the dollar fell from a 20-year high reached last week,…
India’s economic growth is accelerating, and after increasing until April 2022, inflation has declined. Mid-September 2022’s monthly macroeconomic data releases are anticipated to continue most of these tendencies world economy is presently experiencing a significant slowdown in growth. Nevertheless, despite some initial signs of a slowdown, average global inflation is still very nearly at its…
According to a Reuters poll of experts, food prices in India likely ended a three-month downward trend in retail inflation in August. This might put additional pressure on the Reserve Bank of India to increase interest rates more quickly in the coming months. Food inflation, which makes up about half of the CPI basket, is…
Producers’ inflation based on the Wholesale Price Index (WPI) decreased to 15.1% in June against 15.9% in May, the Ministry of Commerce and Industry said in a release on Thursday. On Tuesday, the Statistics Ministry said retail inflation based on the Consumer Price Index (CPI) dropped to 7.01% in June from 7.04% in May. Notably,…
Producers’ inflation based on the wholesale price index (WPI) raised to a 30 year high of 15.9% in May, driven by an across the board rise in prices led by crude petroleum, metals and food products. The print for April was 15.1% and was 13.11% in May 2021. In contrast, retail inflation in May, based…
Retail inflation based on the Consumer Price Index (CPI) increased to near 8-year high in April to 7.79%. The previous high was noted in May 2014, when retail inflation rate touched 8.33%. The continuous fuel price hike likely had a climbing effect on the final price of various products. Also, increasing global prices of commodities…
The Monetary Policy Committee (MPC) on Wednesday collectively voted to increase the policy repo rate by 40 basis points from 4% to 4.40% with an immediate effect, in a clear indication that inflation may be curving to higher levels than expected. The move came a few hours ahead of the Federal Reserve’s rate decision on…
